UNDER U.S. TARIFF PRESSURE, SOUTH AFRICA’S AUTO INDUSTRY SEEKS NEW PATHWAYS
South Africa’s automotive industry is facing one of its toughest external challenges in years, as the United States imposed a 30% tariff on its automobile products starting in August. The move has squeezed profit margins, reduced orders, and created uncertainty for the country’s key export sector. The U.S. has long been a major destination for […]
MINISTER TAU NOTES WITH CONCERN USA’S DECISION TO IMPOSE A 25% TARIFF ON IMPORTS OF AUTOMOBILES
The Minister of Trade, Industry, and Competition (the DTIC), Mr. Parks Tau, has noted with concern the decision by the United States to impose a 25% tariff on imports of automobiles and certain automobile parts to address what the US perceives a threat to its national security under Section 232 of the US Trade Expansion […]