Impact of 30% import duties on SA small businesses

JOHANNESBURG - The 30% US tariffs have come into effect.

It will be applied to most of the roughly 8% of exports to the US.

A third of those exports including copper, pharmaceuticals, semiconductors and critical minerals are excluded.

Stainless steel scrap and energy and energy products are also exempted.

But, there is concern in the Automotive and Agricultural sectors and downstream businesses.

Experts warn of potential job losses and added strain on already struggling small businesses.

John Dludlu, CEO of the Small Business Institute, discusses this in the video above.

You May Also Like