South African Government Warns: US Tariffs May Result in 30,000 Job Losses
2025-08-05 / Read about 0 minute
Author:小编   

On the 4th, the South African Department of Trade, Industry, and Competition jointly held a media briefing, highlighting that the 30% tariffs imposed by the United States on South African exports will severely impact the country's economy, potentially leading to the loss of approximately 30,000 jobs. Simphiwe Hamilton, the Director-General of the department, emphasized that the United States is South Africa's third-largest trading partner, following the European Union and China, and that this tariff policy will hit industries such as automobile manufacturing and agricultural product processing particularly hard. According to statistics from South Africa's Statistics Agency, the national unemployment rate stood at 32.9% in the first quarter of 2025, with youth unemployment reaching an alarming 46.1%.