
SA trade negotiators continue to scramble for 11th-hour deal on US tariffs
This comes as frustration and anxiety mounts over the impact on South African exporters, who are expected to take a knock when Washington hikes tariffs on goods into the US.
ALSO READ: Ramaphosa still hopeful of trade deal with US after Trump imposes tariffs
Although all of the United States' trading partners will likely be affected, South Africa is among the top 10 hardest hit countries, with a 30% duty on exports to the US set to kick in on Thursday.
Minister of Trade and Industry Parks Tau and Minister of International Relations Ronald Lamola will give an update on their negotiations with the US on Monday and possible aid for local companies.
But some political parties and labour unions believe it's too late to prevent the economic fallout and the looming job losses.
"Ramaphosa's claim, 'We will not be bullied', made before leaving for Washington, has been repeatedly exposed as a lie. The ANC [African National Congress] protects elite interests, while sacrificing workers to tariff devastation," said president of General Industries Workers Union of South Africa (GIWUSA) Mametlwe Sebei.
"The working class is on its own and cannot count on the ANC or its GNU [Government of National Unity] to defend them. The pathetic response of the government to this threat to jobs and industries, upon which depend entire cities, completely vindicates our position."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Eyewitness News
39 minutes ago
- Eyewitness News
Brazil seeks WTO relief against Trump tariffs: government
BRASILIA - Brazil on Wednesday approached the World Trade Organization for relief against trade tariffs imposed by US President Donald Trump, sources in the government of Luiz Inacio Lula da Silva told AFP. The 50-percent tariff on several Brazilian goods went into force on Wednesday over what Trump has termed a "witch hunt" against his far-right ally Jair Bolsonaro, the former president on trial for plotting a coup. The sources said Brazil's government had filed a request for consultations with the US mission to the WTO, the first formal step in the trade body's dispute settlement process. Trump's latest tariff salvo raised duties on Brazil from 10 percent to 50 percent for key exports including coffee, beef and sugar. Broad exemptions on products such as orange juice and civil aircraft somewhat softened the blow. Brazil's Vice President Geraldo Alckmin previously told journalists the new tariff would apply to about 36 percent of the country's exports to the United States. In an executive order last week, the Trump administration lashed out at Brazilian officials for "unjustified criminal charges" against Bolsonaro, on trial for allegedly plotting a coup to wrest back power after losing the 2022 presidential elections to Lula. Trump's order, which also criticized Brazil's digital regulation, charged that the Lula government's recent policies and actions threatened the US economy, national security, and foreign policy.

IOL News
an hour ago
- IOL News
South Africa faces economic repercussions from new US tariffs
The Portfolio Committee on Trade, Industry and Competition has expressed deep concern over the impending 30% import tariff that the United States plans to impose on certain South African exports, effective from August 7. Image: IOL Graphics/Se-Anne Rall The Portfolio Committee on Trade, Industry and Competition has expressed deep concern over the impending 30% import tariff that the United States plans to impose on certain South African exports, effective from August 7. This significant development has raised red flags about the potential repercussions for key sectors of the South African economy. During a recent meeting in June, the committee engaged with the Department of Trade, Industry and Competition (DTIC) to assess the state of South Africa's trading relationship with the US, as well as with other international partners. The newly announced US tariffs, which will affect multiple countries alongside South Africa, have serious implications for strategic sectors such as automotive, agriculture—particularly citrus—and steel, all integral to South Africa's economic fabric and job market. Historically, South Africa has enjoyed a robust trade relationship with the United States, which stands as the country's second-largest trading partner. In 2024, South African exports to the US accounted for approximately 8% of the nation's total global exports, valued at around R156.6 billion. This export composition is telling, with around 43% comprising manufactured products, predominantly autos and vehicle components, alongside mining commodities (50%) and agricultural goods (7%). Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ As the largest importer of US goods in sub-Saharan Africa, the South African economy has been bolstered by mutual trade benefits, generating a trade surplus with imports valued at about R120.2 billion in 2024. This partnership has fostered an environment where over 600 US companies, including prominent names like Ford, Coca-Cola, and Google, operate in South Africa, contributing to job creation on both sides: 132,000 jobs in South Africa and 7,000 in the US from South African corporations. In light of the new tariffs, the committee has raised alarms regarding the direct impact on the competitiveness of South African exports. The additional tariff will likely inflate prices for South African goods in the US market, potentially eroding demand and disrupting established value chains. Such changes could lead to declines in local production and significant job losses if alternative markets cannot be secured. There is also concern over how the tariffs may alter the current composition of South African exports. With approximately 43% of South African goods destined for the US being manufactured products, any reductions in this sector could pose severe challenges, especially when compared to the 38.7% of global exports that consist of manufactured goods. To mitigate these risks, South Africa recently introduced the 'Butterfly Strategy,' aimed at fostering industrialisation and diversifying trade partnerships. Key components of this strategy include a focus on product and market diversification, enhanced trade negotiations, and streamlined protocols to adapt to global challenges. The committee, alongside the government, urges renewed negotiations with the US, emphasising the crucial need for a viable trade and investment agreement to tackle ongoing issues.


The Citizen
2 hours ago
- The Citizen
Ramaphosa seeks apartheid damages case delay, but victims' families argue perpetrators are dying
The court was told that the government's interest lies in uncovering the truth. President Cyril Ramaphosa has asked the Gauteng High Court in Pretoria to stay a damages case brought by families of victims of apartheid-era crimes. However, lawyers for the applicants have warned that the alleged perpetrators are old and dying. The legal action, initiated by 25 families and survivors of apartheid victims – including relatives of the Cradock Four – seeks R167 million in constitutional damages. ALSO READ: Ramaphosa launches commission of inquiry into apartheid-era justice delays The applicants accuse the government of blocking the investigation and prosecution of murder cases referred by the Truth and Reconciliation Commission (TRC). Ramaphosa has since established a commission of inquiry chaired by retired judge Sisi Khampepe to investigate the lack of prosecutions. Ramaphosa urges court to delay apartheid damages case On Wednesday, Advocate Timothy Bruinders, representing Ramaphosa and government, argued in court that the commission should be allowed to complete its work before the damages case proceeds. 'There was notice put out by judge Khampepe in which she set out what the progress will be over the next month. 'I think she has just started work on it so it's settled that there is a commission,' he told the court. Bruinders pointed out that both the TRC and the families had previously called for the establishment of such a commission to investigate the apartheid-era crimes. 'The reason for the commission of inquiry is because the facts are as yet unknown,' he said. ALSO READ: Mbeki accused of trying to save his reputation by intervening in apartheid lawsuit Judge Nicolene Janse van Nieuwenhuizen, however, raised a concern about whether it was not the applicants' prerogative to go ahead or withdraw their case. Bruinders responded that the case relied on the commission's findings in order for the court to make a ruling on damages. He argued that former National Director of Public Prosecutions Vusi Pikoli did not provide enough detail to conclude that interference occurred in one of the TRC cases. 'One could conclude from that there was an attempted interference.' Watch the case below: Bruinders added that the government and president sympathise with the families. 'They don't have closure. As they say, the prosecutions haven't happened. 'This is of concern to any government who cares about its citizens and those who died in fighting for what he ultimately sees now in the Constitution.' He emphasised that the government's interest lies in uncovering the truth. 'It is not to fight the families on procedural matters. One can imagine how that would go down politically. I do not think it would go down very well.' Victims' families demand justice Later, Advocate Matthew Chaskalson – representing the families – criticised the government's request to the court to delay the damages case, particularly as it had years to establish the commission. 'The applicants are seeking justice for crimes that were committed 30 and 35 years ago. That's the period we are dealing with. 'The perpetrators of these crimes have either already died or are dying at a rapid rate,' he said, pointing out that most suspects are now likely in their 70s. Chaskalson told the court that the applicants themselves are aging and that some have already died. 'They do not have time to wait indefinitely for the commission of inquiry to report and for relief to be recommended,' the lawyer said, adding that the applicants are entitled to their day in court while they are still alive. He further argued that commissions of inquiry have a tendency to 'drag on and on'. 'It is an extraordinarily optimistic proposition to put forward the idea that this commission will be able to do a thorough job on its investigation and report in four months' time, which is all it has left of the originally six months.' The court has reserved the judgment. NOW READ: Khampepe Commission is the right platform for Mbeki, Mabandla to tell their story, court rules