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‘It’s just gone’ – Trump’s tariffs cost SA company R750m overnight | The Citizen | SA News

The blow risks the livelihoods of the company’s 500 employees and around 3 000 people working in its local supply chain.

South African companies are already starting to face the impact of the US President Donald Trump’s tariffs, with one losing R750 million in contracts overnight.

 Trump ordered the reimposition of 30% tariffs on dozens of trading partners, including South Africa, on Thursday – his cornerstone strategy for reshaping global trade to benefit the US economy.

The rand fell to its lowest level in three months, while thousands of jobs are in danger.

The US president has warned of slapping an additional 10% on the Brics nations and any other economy aligned…

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