Today's Labour News

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robdaviesFin24 reports that Trade and Industry Minister Rob Davies has warned that recently announced US tariffs on steel and aluminium products could present a risk to local jobs.  

He was briefing the media on Monday about the country’s position on the African Continent Free Trade Area, and the US metal tariffs.  The duties, which came into effect last Friday, include a 10% tariff on the imports of aluminium, and a 25% tariff on imports of steel into the US.  The Department of Trade and Industry said on Friday that SA would be requesting to be exempted from the tariffs.  Davies noted that SA steel and aluminium products accounted for less than 2% of US imports.  “We are a small part of US markets.  Our products are not a major part of the overall export market,” he pointed out.  However, a few SA companies will be significantly impacted by the tariffs, putting jobs at risk.  In the case of steel companies, the tariffs will affect niche jobs, while the biggest risk of job losses will be in the local aluminium sector.  The US government will consider whether SA companies would be willing to negotiate a quota for steel exports to the US.  A decision will be taken before the end of April on whether SA can be exempted.

  • Read this report by Lameez Omarjee and Jan Cronje in full at Fin24

Read too, Davies hopes quotas will help SA avoid Trump duties, at BusinessLive

And also, SA steel and aluminium producers move to counter effects of Trump’s import tariffs, at Daily Maverick

Get other news reports at the SA Labour News home page