Jump to navigation

South Africa

Ramaphosa hopes to relaunch trade talks in Luanda

Despite Trump’s bullying, South Africa may receive positive US response after generous offer

Despite leaving the G7 summit in Canada without a meeting with United States President Donald Trump, South Africa’s President Cyril Ramaphosa is hoping to kickstart trade talks with Washington at next week’s US-Africa Business Forum in Angola.

Without an agreement by 9 July, three months after Trump announced his so-called ‘Liberation Day’ tariffs, South Africa would face crippling 30% duties on its goods exports, one of the highest rates threatened by the US.

Though Trump attempted to humiliate Ramaphosa at a meeting in the Oval Office in May by confronting him with false claims of ‘genocide’ against South Africa’s white farmers, the South African president left with the promise of renewed diplomatic and economic engagement after months of being targeted by Trump (Vol 66 No 7, Pretoria picks new envoy for the MAGA minefield).

Pretoria has made a generous offer to Washington as part of a proposed framework agreement, which includes ramping up liquid natural gas imports, a joint fund for the exploration of critical minerals and duty-free US quotas for the auto and steel industries.

However, only a handful of countries have successfully concluded trade deals with the Trump administration and those that have agreed, such as the United Kingdom, have only secured piecemeal arrangements. South Africa, like the EU, is increasingly hoping that Trump will, again, back down in the tariff war.

The gathering in Angola is the first in a series of US-Africa summits over the coming months, primarily based around commercial transactions. But it is also likely to see a queue of African countries seeking to avoid their own ‘Liberation Day’ tariffs.



Related Articles

Claims on Kebble's gold

The main claimant against Brett Kebble's assets is Randgold & Exploration Company, which is claiming R5.8 billion (US$801 million) from Johannesburg Consolidated Investments (JCI), a company into which...


The party isn’t over yet

The real test of Zuma’s crushing victory over the ANC dissidents will be whether the party retains its political dominance in the 2014 elections

A host of policy, factional and personal battles lie ahead for Jacob Zuma in 2013, despite his resounding re-election as President of the African National Congress at the...


Spiking Syria

Some compromise on South Africa's mooted arms sales to Syria may emerge from United States' Vice-President Al Gore's meeting with Deputy President Thabo Mbeki next month in Pretoria....


Parties prepare for the costliest election

Businesses and wealthy individuals are stepping up political donations and their influence on policy

Ahead of the most competitive election ever in South Africa on 29 May, local and foreign political donors are trying to influence the outcome within – and sometimes...