US tariffs could damage South African steel industry, say group



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Business Unit of South Africa (BUSA) said Sunday that he was very concerned about the impending job losses in the national steel industry and of aluminum if the import duties imposed by the US government were successful. At the meeting on South African investment opportunities held in Durban, Busiswe Mabuza, representing Busa, said the companies hailed the efforts of the Minister of Trade and Industry. Industry, Dr. Rob Davies, and he wished success.

"The threat to more than 7,000 tariff-related jobs on steel and aluminum exports to the United States remains a concern, as every job counts and the country can not afford to lose its job in an economy "Minister [Rob] Davies, companies recognize your brilliant efforts at the level of government to government in t BUSA is a confederation of professional organizations, including chambers of commerce and industry, professional badociations, business badociations and United Nations organizations, representing South African firms at the macroeconomic and high-level level.

Mabuza intervene after the US government has decided to impose tariffs under Article 232 on steel and aluminum imports, including from Africa. South

Davies is currently advocating an exemption for steel exports from South Africa to the United States, as it argues that they represent a small percentage and that it is only a small percentage. it is therefore unlikely that they will cause harm to the US economy.

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