PRETORIA – International Relations Minister, Ronald Lamola, says the new US import tariffs will have serious implications for South Africa’s economy.
US President Donald Trump has imposed a 30% tariff on goods imported from South Africa.
Countries Trump considers the biggest violators are facing increased tariffs. Lesotho, a place that Trump once stated no one knows, will face tariffs of 50%.
READ: Trump defiant as tariffs send world markets into panic
Even the world’s remotest corners couldn’t hide from US President Donald Trump’s global tariffs onslaught on Wednesday that includes the uninhabited Heard and McDonald Islands.
The decision has rattled the markets, with equities taking a serious knock.
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