PRETORIA, Aug 12 (Reuters) – South Africa will offer the U.S. a revised trade deal in an effort to lower the 30% tariff imposed last week on its exports to the U.S., trade minister Parks Tau said on Tuesday.
“Cabinet has approved that South Africa submits a revised offer as a basis for negotiations with the U.S.,” Tau told a press conference.
“The new offer substantively responds to the issues the U.S. has raised in the 2025 National Trade Estimates Report.”
The government of South Africa, Africa’s biggest economy, has tried for months to negotiate a trade deal with Washington but failed to reach agreement before U.S. President Donald Trump’s deadline.
Its exports to the U.S. were hit with the highest tariff rate in sub-Saharan Africa.
(Reporting by Nellie Peyton;Writing by Sfundo Parakozov;Editing by Alexander Winning)
