South Africa has failed to prevent President Donald Trump from raising tariffs on its goods to 30% — despite an Oval Office visit from President Cyril Ramaphosa and what its diplomats say was their best efforts.
“The decision is a huge blow to South Africa, as the US is its second-biggest trading partner,” the BBC said. South Africa is scrambling to provide aid and support to domestic industries that stand to be affected.
The economic pain may just be starting for South Africa, as it faces the possibility of being kicked out of the Africa Growth and Opportunity Act (AGOA) trade group — or the cancelation of AGOA entirely in Septmeber.
Trump sign…
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