South Africa - The US’s decision to reject South Africa’s application for exemption from
President Donald Trump’s import duties on steel and aluminium may
threaten about 7,500 jobs.
On Monday, Trump signed proclamations
granting permanent exemptions
to a select number of countries and extended by one month the steel and
aluminium tariff duty exemptions for some. South Africa was not among them.
South African steel and aluminium products were likely to be
displaced out of the US market in favour of the exempted countries
because they would be less competitive, the Department of Trade and
Industry said. It is also concerned that the duties are being
implemented in a way that contravenes some fundamental World Trade
Organisation principles.
The department has urged domestic exporters to ask their US buyers to
consider applying for product exemption under a process conducted by
the US commerce department and said that it would continue to consult
the industry.
- BDLIVE2018
No comments:
Post a Comment