Trump tariffs on South Africa: Stock market, president Ramaphosa, odas react to US President tariff announcement

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Wia dis foto come from, Getty Images

Global trade and businesses dey face new tariffs rate on goods wey wan enta into US.

President Donald Trump set new policies of global baseline tariff of 10% on all goods wey go enta US, and as high as 50% on exports from Lesotho, one small kontri in Africa.

Sake of dis, South Africa President Cyril Ramaphosa don call for new bilateral and mutually beneficial trade agreement between US and SA to secure long-term trade certainty.

South Africa dey face 30 percent tariff under di new US trade tariff, afta President Donald Trump announce di universal tariff on all di goods wey go enta US from oda kontris.

Vincent Magwenya, tok-tok pesin for di president of South Africa tok say di US tariff dey serve as barrier to trade and posterity for both kontris.

“Di presidency don note wit concern di newly imposed tariffs on South African exports to di United States of America,” di statement tok.

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