New U.S. Tariffs Impact South African Agricultural Exports
The U.S. has increased tariffs on South African agricultural exports from 10% to 12.5% as part of a broader policy affecting 60 countries. This decision follows previous 'Liberation Day Tariffs' of 30%, which had a significant impact on South African exports. The U.S. remains a key market for South Africa, accounting for 4% of its agricultural exports, including citrus, berries, and nuts. Despite the tariff increase, the current rate is more favorable compared to the previous 30% tariff. 
