💨 Abstract

South Africa has unveiled a strategic economic plan to mitigate the impact of US tariffs, focusing on export diversification, value-added production, and strengthening regional trade partnerships. The plan includes negotiations for favourable trade agreements with the US, leveraging the African Continental Free Trade Area, and prioritizing high-value manufacturing to reduce tariff exposure. The government aims to reduce dependence on single export markets and invest strategically in industries affected by the tariffs.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖