The South African International Trade Commission (ITAC) has decided to impose a provisional tariff of 52.3% on imports of corrosion-resistant steel coils.
The commission stated that the purpose of imposing the tariffs is to prevent further damage to the South African domestic market.
The commission explained that the provisional tariffs are a short-term emergency measure before a final decision is made, according to the German news agency DPA.
Separately, South Africa called for an extension of the 90-day deadline to prepare its proposed trade agreements according to the new model being developed by the United States.
The South African Department of Trade, Industry and Competition stated: “South Africa may need to resubmit its framework agreement according to the new model.”
“We urge South African industry to exercise strategic patience and not rush into making decisions,” said Minister of Trade, Industry and Competition Parks Tau, noting that “the South African government will seek to engage with the US government to reach solutions that protect South Africa’s interests in the US market.”
