South Africa’s tech startups don’t export much to U.S., but 30% tariff still stings
- The U.S. has raised tariffs on specific goods from South Africa from 10% to 30%.
- South Africa is now among the countries most affected by the U.S.'s global tariff changes.
- The South African government is negotiating to find a way around the new tariffs.
The significant increase in tariffs from the U.S. poses a serious challenge to South African exporters, particularly in sectors reliant on physical goods. While the government is actively seeking negotiations and support mechanisms, the uncertainty and potential job losses in key industries highlight the need for a robust response to safeguard economic interests.
