US President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025.
PRETORIA - International Relations Minister, Ronald Lamola, says the new US import tariffs will have serious implications for South Africa's economy.
US President Donald Trump has imposed a 30% tariff on goods imported from South Africa.
Countries Trump considers the biggest violators are facing increased tariffs. Lesotho, a place that Trump once stated no one knows, will face tariffs of 50%.
READ: Trump defiant as tariffs send world markets into panic
Even the world's remotest corners couldn't hide from US President Donald Trump's global tariffs onslaught on Wednesday that includes the uninhabited Heard and McDonald Islands.
The decision has rattled the markets, with equities taking a serious knock.
Lamola says South Africa will now consider other options, to mitigate against Turmp's move.
He says the country will continue building domestic supply resilience, reducing cost of doing business and increasing competitiveness of SA's economy.
READ: SA fills void left by US in the Just Energy Transition plan
Other countries have agreed to continue working and strengthening trade relations with SA, that includes those from Africa, UK, South America and other parts of the world.