South Africa looks to Africa and China ties as global trade fences go up

Quick Summary:

Concerns have risen among global finance leaders that if Donald Trump were to win next week's U.S.presidential election it could mark the start of a fresh tit-for-tat global trade war.

Trade globally, he said, was becoming increasingly complicated as the U.S.and China impose tariffs on each other, while Europe has added carbon import taxes.

Tau also said they are looking to boost exports to China - namely of beef and manufactured goods - and that more Chinese investment in South Africa's automotive industry is also possible.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: IndiaChinaNorth KoreaSouth AfricaUnited States

Topics: China Trade war South africa Parks tau Global trade Us elections Donald trump trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:08:07 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1206 words

Reading Time: 7 minutes read

Sentences: 35 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23361262

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

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Year Established: 1961

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News Last Updated: 7 hours ago

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