Today's Labour News

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newsFin24 reports that the United States has not granted South Africa an exemption on its increased steel and aluminium tariffs, after the department of trade and industry (DTI) made two written representations to the US government on the matter.  

The DTI issued a statement expressing its disappointment on the matter on Monday, following a teleconference between Trade and Industry Minister Rob Davies and US Ambassador CJ Mahoney.  US President Donald Trump however signed proclamations granting a select number of countries exemptions until 1 June, including the European Union, Mexico, South Korea, Australia, Argentina, Brazil and Canada.  The US is imposing a 10% ad valorem tariff on imports for aluminium products and 25% ad valorem tariff on imports for steel.  Previously at a briefing in March, Davies had said the tariffs would be a risk for local jobs, particularly in the aluminium industry.  In its statement, the DTI noted that SA was “not a cause of any national security concerns in the US nor a threat to US industry interests and is not the cause of the global steel glut.  Instead, South Africa finds itself as collateral damage in the trade war of key global economies.”

  • Read this report by Lameez Omarjee in full at Fin24
  • Read too, Trump’s latest snub of SA will hurt locals – and more pain could be coming, at Business Insider
  • And also, US rejection of duties exemption threatens 7,500 jobs in SA, at BusinessLive

Get other news reports at the SA Labour News home page