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Bloomberg

South Africa Readies Plan to Offset Trump's Tariffs Fallout

South Africa's government is putting the final touches to an overarching package that aims to shield businesses against the fallout from punitive US trade tariffs and plans to present it to lawmakers later this week. US President Donald Trump last week announced that imports from South Africa will be subjected to 30% duties — the highest in sub-Saharan Africa — among a slew of levies that will be imposed from Aug. 7 as part of his efforts to reshape America's relationships with its trading partners. The move will affect about 30,000 jobs in South Africa, Simphiwe Hamilton, the trade department's director-general, told reporters at a briefing in Johannesburg on Monday.