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SA in search for diverse markets
The Citizen
|April 15, 2025
As US President Donald Trump's reciprocal tariffs remain paused for 90 days, President Cyril Ramaphosa says government is intensifying the search to diversify destinations for South African goods, products and services.
Trump sent financial markets into a tailspin this month by announcing sweeping import taxes on dozens of trade partners, including South Africa.
He imposed a universal 10% baseline tariff on all imports into the US and reciprocal tariffs for countries, including 30% for SA.
However, last Thursday, he abruptly announced a pause on all of them, with the exception of China.
Ramaphosa, writing in his weekly newsletter yesterday, said trade between nations was a vital part of economic progress.
This story is from the April 15, 2025 edition of The Citizen.
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