South African inflation surprise makes Thursday's rate decision a close call
South Africa still seeks US trade deal days before tariff deadline
7:06 CAT | 29 Jul 2025
FILE - Containers are moved from rail cars at the Container Terminal at the port in Durban, South Africa, April 10, 2025. [File photo: Reuters/Rogan Ward]
South Africa’s trade ministry said on Tuesday that it still wanted to negotiate a trade deal with the United States, before a 30% tariff on its exports to the U.S. is due to kick in on Friday.
Pretoria has been tight-lipped about its negotiations with U.S. President Donald Trump’s administration ahead of the August 1 deadline, which comes as the two countries’ relationship has deteriorated over South Africa’s domestic race policy and its genocide case against Israel, which Israel denies.
In a statement, the trade ministry said it was still waiting for “substantive feedback from our U.S. counterparts on the final status on our framework deal”.
Source: Reuters
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