South Africa to Allow Exporter Collaboration as Tariffs Kick In

South Africa's trade department has drafted proposed regulations to allow exporters to collaborate in response to the 30% tariffs imposed by the US on imports from the country. The tariffs, which took effect on January 1st, 2023, have had a significant impact on South African exporters. The proposed regulations aim to enable exporters to work together to mitigate the effects of the tariffs, such as by coordinating supply chains, sharing resources, and negotiating better terms with buyers. This collaborative approach is intended to help South African businesses maintain their competitiveness in the US market and minimize the economic harm caused by the tariffs. The move comes as the South African government seeks to protect its export-driven economy and support local industries affected by the US trade actions. The proposed regulations are currently under review and will require approval before they can be implemented.