The government will submit a revised trade deal offer to Washington as it tries to lower the 30% tariff imposed on its exports to the US, trade minister Parks Tau said on Tuesday.
“Cabinet has approved that South Africa submits a revised offer as a basis for negotiations with the US,” Tau told a press conference.
“The new offer substantively responds to the issues the US has raised in the 2025 National Trade Estimates Report.”
The government has tried for months to negotiate a trade deal with Washington but failed to reach agreement before President Donald Trump's deadline. Its exports to the US were hit with the highest tariff rate in Sub-Saharan Africa.
Reuters
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