The opening salvo was fired today in what promises to be a long and destructive Trade War between Donald Trump’s USA and the rest of the world. South African motor vehicles are subjected to a 25% across the board tariff, while agricultural and most other products sold into the US will from today attract 30% customs duty. Matthew Pool who is legal firm Webber Wentzel’s partner for international trade explains that with few exceptions, this is very bad news for South African exporters and unlikely to be reversed anytime soon. He provides context in this interview with BizNews editor Alec Hogg.
Video production by Siziphiwe Ntlaningeshe
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