South Africa found itself one of 14 countries slapped with large tariff increases by U.S. President Donald Trump on Monday as a punitive measure for lack of progress in negotiations, and now faces a 30% duty.
In addition, South Africa, as one of the BRICS countries (Brazil, Russia, India, China, and South Africa, among others), could face an additional 10% for “anti-American” policies.
Trump had suspended the imposition of the tariffs he announced in April until July 9, but began sending letters this week to countries — including close trading partners — that he felt had not compromised.
USA Today reported:
President Donald Trump revealed new…
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