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  • 5 months ago
Ramaphosa and Trump agree to further trade talks amid U.S. tariffs

The call comes against the backdrop of a 30% U.S. tariff imposed on South African imports, which has triggered serious economic concerns at home

READ MORE : http://www.africanews.com/2025/08/07/ramaphosa-and-trump-agree-to-further-trade-talks-amid-us-tariffs

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00:00President Cyril Ramaphosa of South Africa held a telephone conversation with U.S. President Donald Trump on August 6, 2025,
00:07focusing on bilateral trade issues and ongoing negotiations.
00:11Despite recent setbacks over high tariffs, both leaders committed to continuing discussions through their trade teams.
00:19The call comes against the backdrop of a 30% U.S. tariff imposed on South African imports,
00:26which has triggered serious economic concerns at home.
00:29To mitigate the fallout, Pretoria has launched an export support desk and is crafting a support package
00:36aimed especially at the automotive and agriculture sectors, which together may risk tens of thousands of jobs.
00:44Meanwhile, the South African rent showed resilience, gaining ground thanks to rising gold prices,
00:51and a weaker U.S. dollar, with the local currency trading around 17.69 to the dollar.
01:00You're welcome.
01:00Thanks for listening.
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