South Africa to Model Budget Impact of US Proposed 30% Tariff

South Africa’s National Treasury is worried that the US’s proposed 30% tariff could hit tax revenues and is modeling the impact it may have on the nation’s budget.

Ahead of October’s medium-term budget policy statement, the Treasury is assessing the impact of the proposed tariff on its economic growth projections that have already been significantly revised down, Deputy Finance Minister David Masondo told Bloomberg in an interview on Tuesday.