SA excluded from US' tariff relief from steel and aluminium quotas

SA excluded from US' tariff relief from steel and aluminium quotas

- South Africa was excluded from the list of countries given relief from steep aluminium and steel tariffs

- This comes after the US president said he wants land expropriation and the"large scale killing of farmers" to be investigated in SA

- The tariffs have a big influence on the industry and could hurt South Africa's economy in the long run

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It is believed that America's president signed proclamations that permit relief from aluminium and steel quotas to a number of countries.

However, South Africa was excluded from these countries. IOL News reports Argentina, South Korea, and Brazil will be receiving the planned relief.

South Africa was already affected by the tariffs on steel and aluminium imports introduced in March. Steel and aluminium got 25% and 10% tariffs respectively.

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Briefly.co.za learned that $375m (R5 719 470 000) worth of aluminium was exported by SA in 2017 and the tariffs imposed by the US will negatively affect these exports in the long run and even affect jobs in the steel and aluminium industry.

The American president is currently involved in trade disputes with Turkey and China, and he has recently ruffled South African feathers with a tweet.

Almost two weeks ago Briefly.co.za reported that President Trump said he wants land expropriation and the"large scale killing of farmers" to be investigated.

READ ALSO: Jacob Zuma doesn’t think evidence given at #StateCaptureInquiry implicates him in crimes

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Source: Briefly.co.za

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