Update on the US tariff regime and Section 301 tariffs: what is new for South Africa and other AGOA beneficiaries?
US tariff policy since early 2025 has shifted repeatedly in recent times, resulting in significant global uncertainty and unsettling established trade relations and value chains under a rules-based trading system. International trade across the board suddenly faced “reciprocal” tariffs and had to deal with collateral impacts of the IEEPA legislation, navigate additional sectoral tariffs under Section 232 of the US Trade Act of 1974, temporary tariffs under Section 122, and then the (likely) longer-term tariffs under Section 301, effective 24 July 2026. Read More