💨 Abstract

President Cyril Ramaphosa expressed concern over the US' decision to impose a new 30% import tariff on South African goods, calling it a barrier to trade and shared prosperity. The presidency added that this gives urgency to South Africa's plans to negotiate new trade terms with the US. Trump announced a global 10% tariff on all imports, with South Africa among the countries subject to higher rates.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖