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The sectors hardest hit by the new tariffs, which kicked in on 7 August – are manufacturing, citrus, wine, steel, automotive parts, agricultural processing, and textiles.
The South African Chamber of Commerce in the USA (Saccusa) says SA’s position as a gateway for US companies into Africa is now at risk and expressed ‘grave concern’ at the government’s inability to secure a trade deal or exemption from the 30% tariffs imposed on a wide range of SA goods entering the US.
The sectors hardest hit by the new tariffs, which kicked in on 7 August, are manufacturing, citrus, wine, steel, automotive parts, agricultural processing and textiles.
In a statement issued on Thursday, the chamber said it had received reports from exporters experiencing cancelled contracts, delayed shipments, and rising warehousing costs due to new customs hurdles and diminished price competitiveness in the US market.
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Small and medium-sized South African-owned businesses operating in the US have also reported being forced to reassess their viability in light of reduced margins.
