Africa in BusinessAfrica in Business

US Tariff Plan May Reshape Global Trade as Nations Shift Toward Regional Markets

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Economists have warned that the latest trade tariffs proposed by the US could accelerate the fragmentation of global supply chains and push countries towards more regional trade. The US is proposing new tariffs of up to 12.5 percent on imports from 60 trading partners including South Africa following an investigation into goods allegedly linked to forced labour. The imposition of the tariffs is subject to public hearings scheduled for the 7th of next month before a final decision is made. SABC News Economics Reporter Nosipho Radebe has the details

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