BREAKING | Donald Trump deals SA a devastating trade blow
0 The United States Trade Representative said Washington would exclude South Africa and Rwanda from a major Africa-US duty-free trade deal. Image: ANDREW CABALLERO-REYNOLDS / AFP Home » Business & Finance » BREAKING | Donald Trump deals SA a devastating trade blow
The United States Trade Representative said Washington would exclude South Africa and Rwanda from a major Africa-US duty-free trade deal.
0 The United States Trade Representative said Washington would exclude South Africa and Rwanda from a major Africa-US duty-free trade deal. Image: ANDREW CABALLERO-REYNOLDS / AFP US Trade Representative Jamieson Greer said on Monday that Washington intends to suspend South Africa and Rwanda from duty-free access to the US market under the African Growth and Opportunity Act (AGOA).
“President Trump found that the governments of Rwanda and South Africa are engaging in practices that are inconsistent with AGOA’s eligibility criteria.
“These concerning and pervasive practices include, but are not limited to, barriers that undermine American trade and investment and practices that pose a threat to US national security and foreign policy interests in the region,” said Jamieson Greer in a statement.
AGOA gives eligible African countries duty-free access to the US market for thousands of products. South Africa has benefited from it for years.
President Donald Trump’s administration has cracked down on South Africa for what Trump claims is its persecution of white people. South Africa’s government says this is a falsehood spread by fringe groups.
Washington highlighted trade barriers, rule of law and human rights as among issues it is deeply concerned about in Rwanda.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version.
0 comments WIN R250 every day in The South African’s Festive Quiz. Good luck!
Reported by thesouthafrican.com.
Read Original Report at thesouthafrican.com ↗
Comments (0)
No comments yet. Be the first to share your opinion!