US Tariffs Hit South Africa, Bangladesh Exports
US Tariffs Hit South Africa, Bangladesh Exports

US Tariffs Hit South Africa, Bangladesh Exports

News summary

US President Donald Trump has announced steep new tariffs on imports from South Africa and Bangladesh, introducing a 30% tariff on all South African exports and a 35% tariff on Bangladeshi goods to the US, effective August 1, 2025. Economists warn the measures could seriously harm the economies of both countries, prompting officials in South Africa and Bangladesh to dispute the US rationale and seek urgent negotiations. The garment sector in Bangladesh is particularly at risk, as Vietnam has secured a lower 20% tariff, putting Bangladeshi exporters at a disadvantage. These new tariffs add to ongoing global uncertainties caused by US-China trade tensions, including China's technology restrictions affecting companies such as Apple. Experts caution that the expanded tariffs could disrupt multiple industries and supply chains, intensifying global economic pressures. Affected countries are now racing to mitigate the impact before the tariffs come into force.

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