💨 Abstract

President Cyril Ramaphosa criticized the U.S. for imposing a 30% tariff on South Africa, disputing the trade balance data used. Ramaphosa's negotiation team will engage with the U.S. to address unfair trade practices and aim for a balanced relationship. The tariff could raise costs, reducing demand for South African goods in the U.S. However, South Africa’s diversified economy is expected to mitigate the short-term impact.

Courtesy: Bianca Lalbahadur