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US tariff retreat offers limited relief for South Africa’s farmers | SA News

Higher tariffs are a tax on consumers in importing countries. American consumers are experiencing this reality through relatively higher food prices in the country since the Liberation Day tariffs were introduced earlier this year. 

Confronted by this reality, the US government has taken steps to modify its reciprocal tariffs and exempt certain food products. This is likely to ease pressure on consumers over time and benefit the exporting countries. South Africa is one of the countries that will benefit from the easing of the US government’s policy step.

Exempted products

The exempted products include coffee and tea, fruit juices, cocoa and spices, as well as avocados, bananas,…

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  1. Ukraine: You have two cows. One of them feeds on American grass, the other feeds on Russian grass.