The worldview for economic growth in South Africa has deteriorated due to tariffs that cancel the AGE.
The latest tariffs announced on Wednesday, US President Donald Trump will be able to cancel African growth and opportunity for South African exporters to the world’s largest economy and opportunity (AGEA).
One of the most sectors of the South African car sector has also hit the hardest.
In addition, JEE-A Van Der Linde, Oxford economist economist Africa, South Africa’s exports to the United States has announced a 30% tariff AGO. “Although the car sector is the hardest shot among areas, the export of certain minerals will be released.
“The main risk for domestic exporters is a decrease in competitiveness compared to South African manufacturers. South African exporters have benefited from entering the discounted trade in the public.”
He shows that the abuse is not a contract that the US government does not have to negotiate with African countries. “Although we will end in September this year, so far, so far we think it is effective in the water.
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South Africa must have prepared a plan and speed
“Trade, Industry and Competition Minister Tau, Tau Parks Tau, said that South Africa will require meetings with US officials. In an African context, South Africa, African peers are industrialized.”
Even so, South African companies will soon be able to regulate us for tariffs. “Great domestic exporters generally have more developed systems and procedures in places that have less developed in other African countries.”
This table shows that South Africa has sufficiently diversified trade flow:
Van Der Linde gives rise to the increase in the sudden tariff, and it will probably lead to more uncertainty in the coming months. “In domestic policy, although the price of South African assets in recent days is a big driver, the effects of tariffs are already filtered.
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The domestic market can help, but the loss of Age is economically damaged
“However, a nearby South African exchange rate, although the effect of higher import costs for relief costs and rapidly rising prices will be reduced as pressure.”
It is said in the interval, and the internal market has a coverage of the domestic market to make an unusual export appointment to master the local produced goods naturally.
“Although this regional trade is reasonable, the loss of discounted trade in the lucrative US market is economically damaged and the reaction of the government will react to the local industry.
“Given the indefinite political environment of South Africa, global headlines are combined in the background of the building, and our worldview for the South African economy has worsened.
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Trump tariffs are a great wage to the world’s trading system
Economist in NWU Business School said that the United States would not drive a large-sided trading system for an increase in widespread targeted tariffs, but is also bad news for SA economy.
“The international impact of US tariffs will now disrupt global value chains, reveals revenge, inflation, and the world economic growth and risks in financial markets are repeated immediately.
It shows that ‘tariff wars’ have a bad history. “If what advantages can be considered to calculate the US economy through higher tariffs, ‘beggar-neighboring’ policy has never been good news for the world economy.
“The hostage economic damage is generally high. As a result of all economic proofs, it will be more of the winners, but more losers, more lost work and even a loss of work and even social dislocation.”
Parsons, therefore, will increase the growing value of US-tariffs and increase their aches. “After the latest water expensive announcement by President Trump, the United States protects the right to return or sometimes recover tariffs.
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Permanent rule changes create an uncertain environment
This is a vague environment, trading and investment decisions created by the constant change in the game in the game. Tariff uncertainty can be as economically harmful as a tariff. “
30% of the United States in South Africa exports are higher tariffs in the country. “South Africa, a quiet and pragmatic approach based on the evidence-based homework. The automotive sector will take a particularly heavy shot.
“While trying to manage higher trading tariffs, South Africa must be able to mobilize the necessary economic diplomacy to replace economic damage. Trump’s mutual approach to tariffs should see what trade adjustments can do to improve the situation of South Africa.”
Parsons, South Africa, should be cautiously captured the moment of starting alternative markets to withdraw alternative markets behind protectionist barriers. “The direction of isolation of US trade policy is now very clean and ‘new normal is normal.
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An option of African Continental Free Trade Agreement
“The Free Trade Agreement of the African Contact for South Africa is a finished mechanism trying to reduce existing obstacles in African trade. The United States must be integrated into a steady integration.”
Then he says that the world economy is currently more necessary to demonstrate a strong strategic pivot in the growth policy for South Africa, as it is likely to provide less support.
“You need to accelerate internal structural reforms. Both government policy and work strategies must adapt to new risks of new risks, but also to explore new or alternative economic opportunities.
