SCMP China reports: South African trade is pivoting to China as US tariffs bite, but Chinese industrial dominance poses a new dilemma The duty-free access for African partners from May 1, which saw the 10 per cent tariff rate for apples removed, arrived as a lifeline for South African exporters looking to diversify away from increasingly restrictive American trade channels. Latest data from the South African Reserve Bank (SARB) shows the United States has lost its position as the No 2 export market to Germany, while long-time leader China held its top slot. While US share of South African exports fell to a decade-low 7.1 per cent, Germany’s rose to 8 per cent and China’s held steady at 10.7 per cent, the data showed.
Trump ambushes South Africa’s Ramaphosa with false ‘white genocide’ claims But South Africa faces a dilemma: although the Chinese market offers huge opportunities for agricultural exports, it is unlikely to be a viable alternative for South African vehicles and industrial goods.
Originally reported by SCMP China. This story has been edited and re-presented by BRIC Team.
