South Africa is seeking alternatives!
Russian media reported that the U.S. government has extended the deadline for imposing a 30% tariff on South African goods, threatening the development of South Africa's automotive and agricultural industries. The South African Reserve Bank predicts that South Africa could lose up to 100,000 jobs, and major citrus and steel exporters have already announced the risk of losing markets.
To regain former markets, South Africa is willing to make political concessions. However, negotiations with the United States to reduce tariffs have so far yielded no results - the proposals by Pretoria to invest in the U.S. economy and purchase liquefied natural gas have yet to receive a response.
Trump's tariff measures highlight how vulnerable African economies are when integrating into the global trade system. For the South African authorities, this is a signal to seek alternative markets and strategic partnerships - including partnerships with Russia, China, and other BRICS countries, as these countries have lower political risks and more predictable trade conditions.
Original article: https://www.toutiao.com/article/1839510410453063/
Statement: This article represents the views of the author.