South Africa’s Ramaphosa Sees Room to Cut US Tariff in Talks

South African President Cyril Ramaphosa said there’s the prospect that the US may lower a planned 30% tariff on goods in ongoing talks with Washington, as he challenged its calculation of the new levy.

US President Donald Trump on Monday unveiled a wave of letters that threaten to impose higher duties on American trading partners while signaling that he’s open to discussions on the increased tariffs until at least Aug. 1. The announcement came hours after the US leader threatened to impose an additional 10% levy on all countries that form part of the BRICS economic bloc.