Economic and political experts say Trump is using the tariffs to get favourable trade deals with other countries.
Though US President Donald Trump has decreased his tariffs on South Africa to 10% for the moment, more pain could still be ahead.
The US tariffs have been cut from 31% to 10% for a 90-day period.
Economic and political experts say Trump is using the tariffs to get favourable US trade deals with other countries.
“What is clear is that the Trump administration used the tariffs as a negotiating tool. The US now has a lot of negotiating power, given the pausing of the tariffs for 90 days,” said University of Johannesburg economics lecturer Dr Frederich Kirsten.
“[The US] can now start making trade deals – pushing their agenda. Tariffs have created a negotiating tactic for the US.”
NOW READ: ‘No respite’ in US tariff pause for South Africa
Download our app
