New Delhi, Aug. 5 -- United States reciprocal tariffs have put an estimated 30,000 jobs at risk, South African authorities said Monday, four days before a 30% U.S. tariff on most imports from South Africa kicks in.
South Africa was slapped with one of the highest tariff rates by its third-largest trading partner - after the European Union and China - creating uncertainty for the future of some export industries and catapulting a scramble for new markets outside the U.S. The tariff rates come into effect on Aug. 8.
In an update on mitigation measures, a senior government official warned that an estimated 30,000 jobs were in jeopardy if the response to the higher tariffs was "mismanaged."
"We base this on the ongoing consultations that w...
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