$BTC South Africa seeks new trade agreement with U.S.

South Africa seeks to negotiate a new "bilateral and mutually beneficial trade agreement" after being struck with 30% tariffs by the U.S. administration under Donald Trump's extensive levy campaign announced on Wednesday.

"The tariffs affirm the urgency to negotiate a new bilateral and mutually beneficial trade agreement with the U.S., as an essential step to secure long-term trade certainty," South Africa's presidency noted on Thursday, expressing "concern" over the newly imposed duties.