Latest news with #traderelations
Mail & Guardian
21-05-2025
- Business
- Mail & Guardian
Trump confronts Ramaphosa over farm murders in White House exchange
United States President Donald Trump and President Cyril Ramaphosa A meeting between United States President Donald Trump and President Cyril Ramaphosa on Wednesday night South African time veered sharply off course when Trump abruptly turned the focus to farm attacks in South Africa, relegating trade discussions to the sidelines. The live-broadcast, held at the White House and attended by members of Ramaphosa's delegation, which included South African golf stars Ernie Els and Retief Goosen, as well as businessman Johann Rupert, opened with formalities and expressions of economic intent. Ramaphosa told Trump he hoped to 'reset' trade relations and 'promote investments in both countries'. 'We have about 22 companies from South Africa invested in the United States, thus creating a number of jobs, and you have 600 companies invested in South Africa, some of them for hundreds of years.' But the agenda shifted following a question from a journalist Trump identified as being from NBC, who pressed the president on why Afrikaners were being granted refugee status in the US when others around the world were in more dire need. The question prompted Trump to pivot to the issue of farm murders in South Africa. Addressing the journalist's question, Trump said: 'We have had many tremendous complaints about Africa, about other countries too, saying there are a lot of bad things going on in Africa. That's what we will be discussing today. 'If you say we don't take [refugees from other countries], all you have to do is take a look at the southern border. We let 21 million people come through our border, unchecked, unvetted, from all over the world.' Last week, the first group of 49 Afrikaners arrived in the US under Trump's new refugee policy for them, which has since been opened to all minorities. Ramaphosa at the time described those who left as 'cowards' who would eventually return to South Africa. Trump continued: 'We take from many locations, if we feel there is persecution or genocide going in. We have had many [applications from South Africa] and many are white farmers. It's a very sad thing to see, but I hope we can have an explanation of that,' he added, turning to Ramaphosa, 'because I know you don't want that. 'Normally we have meetings and talk about trade. But that will certainly be a subject that comes up.' Trump has repeatedly characterised South Africa's land reform and racially skewed economic redress policies as persecution of white citizens, a narrative Ramaphosa's government has labelled disinformation. At Wednesday's meeting, Trump asked for the lights to be dimmed and directed an aide to play a video montage featuring Economic Freedom Fighters (EFF) leader Julius Malema chanting the anti-apartheid slogan 'kill the boer, kill the farmer' at several rallies, speaking about 'cutting the throat of whiteness', saying 'revolutionaries should never be afraid to kill' and stating that his party would occupy land, and didn't need the consent of the president to do so. The footage also included former president Jacob Zuma singing similar struggle songs referencing violence against farmers. What followed was a conversation that oscillated between grim discussions of farm killings and the country's broader violent crime levels affecting all races — mentioned by every South African delegate who spoke — punctuated by Trump's intermittent asides about golf. The US president, a keen golf enthusiast, shared lighthearted exchanges with Els and Goosen, offering bizarre respites from the otherwise tense discussion. Ramaphosa had earlier given Trump a book weighing 14kg about South African golf courses, a gesture of goodwill that contrasted sharply with the tone the meeting would take. Asked by a South African journalist what it would take for Trump to be convinced there was no white genocide in South Africa — something he has often claimed — Ramaphosa stepped in, saying he could answer the question. 'It will take President Trump listening to the voices of South Africans, some of those who are his good friends, like those who are here … if there was an Afrikaner genocide, these three gentlemen [Els, Goosen and Rupert] wouldn't be here, and nor would my minister of agriculture [Democratic Alliance leader John Steenhuisen]. Responded Trump: 'But Mr President, we have thousands of people talking about it, we have documentaries, we have news stories. And it has to be responded to.' This was when the montage was played, which also included hundreds of white crosses erected along a South African roadside, homages to murdered farmers. 'I have never seen anything like it,' said Trump. Ramaphosa asked where the area was, 'I have never seen it,' he said. 'It's in South Africa,' said Trump. US Vice-president JD Vance then handed Trump a wad of printed articles about farm killings. Trump leafed through the pages, saying 'Death, death, death,' and passed them to Ramaphosa, who passed them to one of his delegates. Asked by another South African journalist what he would like Ramaphosa to 'do about the situation we have just seen on the screen', Trump said: 'I don't know. White South Africans are fleeing because of violence and racist laws. If you look at the videos, how does it get worse?' Ramaphosa was measured in his response, saying South Africa had a multi-party democracy in which citizens could express themselves 'and in some cases, that doesn't go along with government policy'. The EFF was a 'small minority party that is allowed to exist',he added. 'But you do allow them to take land,' said Trump, perhaps a reference to the recently inked Expropriation Act, which allows for the expropriation of land for public use with nil compensation, in some circumstances. 'And when they do, they kill the white farmers, and nothing happens to them.' The 'fake news' in the US didn't want to talk about farm killings, said Trump. Responded Ramaphosa: 'I would like us to talk about it very calmly, to sit down around a table and talk about it, including trade matters.' The US was a trade partner, continued Ramaphosa, 'and these are things we are willing to talk about'. Asked by a journalist whether there were other punitive measures Trump would put in place in South Africa, he responded: 'There are many bad things happening in many countries, but this is very bad, very very bad.' Ramaphosa tried to turn the conversation to talk of restitution, with Trump saying, 'but you are taking people's land'. 'We are not,' started Ramaphosa. Trump said Secretary of State Marco Rubio had told him he had 'never seen anything like it, the number of people who want to leave South Africa'. Asked by a journalist whether he was afraid that if most farmers in South Africa were killed, there would be economic problems, Ramaphosa said: 'I would like my minister of agriculture to answer that. He is white, he is from the opposition party, which has joined my party [the ANC, in a coalition government].' Rural safety was indeed a problem in South Africa, said Steenhuisen. 'And it requires a lot of effort to get on top of. It is going to require more policing resources, it is going to require a different strategy to deal with it, but certainly the majority of commercial and small-scale farmers want to stay and make it work. 'I have just come from [Nampo] the largest agricultural show in the Southern Hemisphere, and the majority of them want to stay. They, too, have a memorial to those who have died of farm attacks, and as the minister of agriculture, it is something that I am particularly [involved] in, making farm murders and stock theft a priority crime. 'And it affects all farmers in South Africa, stock theft in particular affects black farmers.' He then took a swipe at Malema and Zuma — who now leads the uMkhonto weSizwe party. '[They] are both leaders of opposition minority parties. The reason my party, the DA, chose to join hands with Mr Ramaphosa's party, was precisely to keep those people out of power. 'We cannot have those people sitting in the union buildings making decisions. That is why after 30 years of us exchanging barbs across the floor [with the ANC], we have decided to join hands, precisely to keep that lot out. Because the day they get control of the Union Buildings or parliament, that is what you are going to see,' he said, pointing at the television. 'And that is why this government, working together, needs the support of our allies, around the world, to grow our economy, and shut the door forever on that rabble.' Asked by Trump whether he denounced the language used by Malema in the montage, Ramaphosa said: 'Yes, as government, as my own party, we are completely opposed to that.' Ramaphosa has never publicly condemned the singing of the song, even when pressured by Afrikaner lobby group AfriForum to publicly do so in March this year. When Els was asked to speak, he said he was a proud South African, but 'we want to see things get better in our country'. It was 'important' to have Trump's support, he added. Trump then asked for Rupert's comments. South Africa's richest man started by saying he was 'the biggest target of that rabble rouser [Malema] for over 10 years.' 'We have too many deaths,' said Rupert, 'and it's not only white farmers, it's across the board.' He added that violent crime was most rampant in the Cape Flats area of the Western Cape, which Steenhuisen's DA controls. 'We need technological help. We need Starlink at every little police station. We need drones,' Rupert said, adding that if the South African economy did not grow, its 'culture of lawlessness and dependency' would increase. Satellite internet service Starlink is owned by South African-born tech billionaire, and X and SpaceX owner, Elon Musk, who was in the room. 'We need your help sir, and we need Elon's technology,' Rupert added. One of the final questions from a journalist was whether Trump still believed, after what he had heard, that there was white genocide in the country. 'I haven't made up my mind yet,' he responded.
Bloomberg
12-05-2025
- Business
- Bloomberg
US-China Trade Talks to Boost Sentiment in Asia, Strategists Say
'Substantial progress' made in US-China trade relations after two days of talks in Switzerland is likely to boost sentiment in Asia, according to some strategists, while others were awaiting further details. While neither side immediately announced specific measures on Sunday, Chinese Vice Premier He Lifeng said the world's two biggest economies agreed to create a mechanism for further discussions. US Treasury Secretary Scott Bessent said the US would share details on Monday.
Malay Mail
10-05-2025
- Business
- Malay Mail
Singapore PM Wong pledges support for businesses hit by US tariffs, promises economic relief
SINGAPORE, May 10 — Singapore's Prime Minister Lawrence Wong said that addressing the economic situation and its impact on Singaporeans will be a key priority for his newly-elected government. Wong, who is also finance minister, said the Singapore Economic Resilience Task Force chaired by Deputy Prime Minister Gan Kim Yong has been actively meeting to develop the country's response plans. 'They will provide further updates when ready. DPM Gan is also continuing his discussions with US counterparts, exploring constructive ways to further our trade relations with America,' Wong said in a video uploaded to his YouTube channel, on Friday. Wong acknowledged growing concerns within the business community, citing findings from a recent Singapore Business Federation (SBF) survey. 'The survey found that four in five Singapore businesses are negatively impacted by the US tariffs, three in four project their revenues to decrease, and one in two say that they are holding back on new hiring in the next three months,' he noted. To mitigate the impact on jobs and prices, Wong said the government will begin rolling out a series of support measures announced in this year's Budget, including corporate tax rebate and cash grant which will be paid out this month. The prime minister said he is also focused on forming a renewed and strengthened team in the government to better serve the people and secure their future in these troubled times. 'The election results have made it clear that Singaporeans want a team that combines experience with fresh perspectives to take our country forward,' he said. Wong led the ruling People's Action Party (PAP) to a resounding victory in the May 3 general election — securing 87 out of 97 parliamentary seats, including five uncontested walkovers. — Bernama
Reuters
07-05-2025
- Business
- Reuters
Turkey, Britain to hold free trade agreement modernisation talks by end-July, trade minister says
ANKARA, May 7 (Reuters) - Turkey and the United Kingdom agreed to hold the first round of negotiations to modernize and expand the scope of a Free Trade Agreement (FTA) between them by end-July, Turkish Trade Minister Omer Bolat said on Wednesday. The FTA between NATO allies Britain and Turkey was rolled over when Britain left the European Union in 2020, but a review by both sides in 2023 concluded there was room for improvement. In a post on X, Bolat said his meeting in London with UK Secretary of State for Business and Trade, Jonathan Reynolds, was productive and that the sides signed sections of the free trade agreement about motor vehicles and chemicals, taking an "important step in the modernization process." "Additionally, we agreed to hold the 8th session of the Türkiye–United Kingdom Joint Economic and Trade Committee (JETCO), where we will comprehensively assess our trade relations, in London later this year," Bolat added.
