South Africa has prepared new proposals for a trade agreement with the United States, providing for lower duties. This was announced at a press conference by South African Trade Minister Parks Tau.
“The cabinet approved the option to present South Africa’s revised proposals as a basis for negotiations with the United States,” Parks Tau said.
According to the minister, the proposals take into account the requirements of the American side, which previously imposed 30% trade duties on South African imports.
Earlier, the United States and China extended the “tariff pause” for 90 days.
