https://newsletter.en.creamermedia.com
Africa|Automotive|Export|Infrastructure|Manufacturing|Infrastructure
Africa|Automotive|Export|Infrastructure|Manufacturing|Infrastructure
africa|automotive|export|infrastructure|manufacturing|infrastructure

South Africa says Trump's tariffs cancel out AGOA trade initiative

Lime farm

Photo by Creamer Media

4th April 2025

By: Reuters

  

Font size: - +

South Africa's government said on Friday that tariffs announced by President Donald Trump this week effectively nullified the benefits African countries enjoy under US trade initiative the African Growth and Opportunity Act (AGOA).

AGOA, which grants qualifying African nations duty-free access to the US market, is due to expire in September. And Trump's far-reaching tariffs suggest that a renewal of the trade accord enacted in 2000 is now unlikely.

Addressing a press conference, South Africa's foreign and trade ministers said the government may seek to secure additional exemptions and quota agreements with the US as well as diversify its export markets.

"The sweeping tariff measures will affect several sectors of our economy, including automotive industry, agriculture, processed food and beverage, chemical, metals and other segments of manufacturing, with implications for jobs and growth," the two ministers said in a joint statement.

"The government will invest strategically in industries impacted by the tariffs, supporting economic growth through modernisation and targeted infrastructure development."

Edited by Reuters

Comments

Research Reports

Latest Multimedia

Showroom

Amsted Reelin image
Amsted Reelin

REELIN is Currently the largest supplier of Bearings to Transnet. We have contracts to supply bearings, draft gears slackadjusters and other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

The above image depicts the helicopter airlifting the HVAC units onto  roof of Bedford Centre
Centre installs new HVAC system
19th September 2025 By: Lynne Davies

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.142s - 191pq - 2rq
Subscribe Now