Live Updates > Live Update Details
2025-08-01 10:28:51
South Africa urgently establishes export consultation platform to help businesses cope with US tariffs. On July 31st, local time, the South African Department of Trade, Industry and Competition issued a statement stating that in response to the 30% US tariff on all South African goods, excluding some minerals, effective August 1st, South Africa has initiated emergency measures to provide a consulting service platform for exporters affected by the tariffs, offering market guidance and encouraging them to explore diversified markets. The statement noted that this tariff increase poses a direct threat to South Africa's export capacity, particularly in key sectors such as automotive, agriculture, and steel. (CCTV News)
