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Tariffs

Tariffs are taxes or duties imposed by governments on imported or exported goods, serving as a key instrument of trade policy and revenue generation. They are typically levied as a percentage of the value of goods (ad valorem tariffs) or as a fixed charge per unit (specific tariffs), and are collected by customs authorities at ports of entry. Tariffs serve multiple purposes: protecting domestic industries from foreign competition, generating government revenue, and influencing trade balances between nations. Developing economies often use tariffs to shield nascent industries whilst they build capacity and competitiveness, a strategy known as infant industry protection. However, tariffs also increase the cost of imported goods for consumers and businesses, potentially reducing purchasing power and raising input costs for manufacturers reliant on imported components or raw materials. In international trade negotiations, tariff reduction or elimination is a central objective, with regional trade agreements and multilateral frameworks such as those overseen by the World Trade Organization seeking to lower barriers and promote market access. Tariffs interact with non-tariff measures—such as quotas, standards and licensing requirements—to shape the overall trade cost environment. For small, medium and micro enterprises, high tariffs can present significant barriers to entering export markets or accessing competitively priced inputs. African countries continue to balance tariff policy between protecting local industries, raising revenue and fulfilling commitments under continental and international trade agreements, including the African Continental Free Trade Area.

Tariffs News


Aluminium
Cutting Canada tariffs alone won't flatten US aluminum premium, Alcoa says
Updated 1 hour 4 minutes ago By: Reuters

The steep premium paid for aluminium in the US will not drop significantly even if Washington halves the tariffs on metal from neighboring Canada, because imports from other countries will still be... 


Copper ore
US copper price premium sinks on report that tariff plan stalls
10th September 2026 By: Reuters

LONDON - The premium paid to ship copper to the US fell sharply on Thursday after Reuters reported that Washington's plans to impose a tariff on imports of the metal had stalled. With copper... 


Molten copper
Copper set to test $15 000 as investors await US data, tariff clarity
8th September 2026 By: Reuters

Copper prices could break through $15 000 for the first time as soon as this week, analysts said on Tuesday, as investors position for another round of US economic data and President Donald Trump... 


Copper
US July copper imports hit highest level on record
4th September 2026 By: Reuters

The US imported a record 225 094 tons of refined copper and copper alloys in July, official data showed on Thursday, as traders continued to ship large volumes of the metal before a tariff is... 


Canada and US flags
World braces as Trump's Canada tariff stand-off escalates, Reuters columnist says
26th August 2026 By: Reuters

The resurgent trade spat between US President Donald Trump and Canadian Prime Minister Mark Carney comes at a delicate juncture for both North American countries - and the global economy. Missteps... 


Epiroc equipment in underground mine
Global trade association AED says US-Canada spat can be detrimental for equipment suppliers
24th August 2026 By: Marleny Arnoldi

International trade association Associated Equipment Distributors (AED) says it is disappointed that the US and Canada could not come to a trade agreement during recent negotiations. AED's stance... 


Canada Minister of Trade with the US Dominic LeBlanc
Canada says trade deal with US is 'very close,' more work needed
21st August 2026 By: Reuters

Canada and the US are "very close" to agreeing a trade deal that could help reduce months of tariffs and counter duties but more work remains to be done, a top Canadian official said on Thursday.... 


Canadian Minister for US Trade Dominic LeBlanc
Canadian Minister says Canada, US far apart on draft trade deal, source says
17th August 2026 By: Reuters

Canada and the US are still far from reaching a draft trade deal despite regular meetings, Dominic LeBlanc, the Canadian Minister responsible for trade with the US, told an advisory committee on... 


Trade, Industry and Competition Minister Parks Tau
SA signals intent to prohibit goods produced by forced labour after new 12.5% US tariff
27th July 2026 By: Terence Creamer

Trade, Industry and Competition Minister Parks Tau reports that government will publish a Gazette notice requesting public comments on South Africa’s intent to issue regulations to prohibit goods... 


US flag
Trump imposes forced labor duties on 60 trading partners as 10% US tariffs expire
24th July 2026 By: Reuters

The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union and China, over allegations of lax enforcement of forced... 


Aluminium bars
Brazil to provide $3.7bn in credit for firms hit by US tariffs
23rd July 2026 By: Reuters

The Brazilian government announced 18.5-billion reais ($3.66-billion) in financing for companies hit by the new US tariffs valid as of Wednesday, adding the resources will also target firms hurt by... 


Century Aluminum product
Metal producer Century Aluminum welcomes Trump's aluminium import incentive
21st July 2026 By: Marleny Arnoldi

Nasdaq-listed aluminium producer Century Aluminum Company has welcomed President Donald Trump’s latest executive order to incentivize investments that "make American manufacturing great again".... 


Aluminium in factory
Trump says he signed proclamation to adjust tariffs on aluminum imports
21st July 2026 By: Reuters

President Donald Trump said on Monday he signed a proclamation to adjust tariffs on imports of aluminum into the US, adding the domestic production of primary aluminum in the US was currently... 


Brazil President Luiz Inacio Lula da Silva
US imposes new 25% tariffs on Brazil, expands exemptions list
17th July 2026 By: Reuters

The US will hit Brazil with new 25% duties on its furniture, ethanol, machinery, footwear, sugar and other goods such as pig iron and mining equipment, launching a new wave of tariffs that could... 


Tariff stamp
Latin American countries, some steelmakers argue for US tariff exemptions
8th July 2026 By: Reuters

Several Latin American countries said on Tuesday they are working to prevent the import of goods produced with forced labor, urging the Trump administration to exempt them from proposed new US... 


South Africa increases tariffs on wide range of steel products to WTO bound rate
South Africa increases tariffs on wide range of steel products to WTO bound rate
5th June 2026 By: Terence Creamer

South Africa has officially raised import protection across a wide range of upstream and downstream steel products by between 10% and 30% – rates that are in line with the World Trade Organisation... 


Boost local auto industry’s competitiveness instead of shielding it from rivals – WesBank
22nd May 2026 By: Irma Venter

The growing presence of Chinese competition in the South African auto industry is not a concern, as competition in itself is not a problem, says WesBank senior economist Thanda Sithole. “Increased... 


US President Donald Trump
New US tariffs come in at lower 10% rate
24th February 2026 By: Reuters

The US imposed an additional tariff from Tuesday of 10% on all goods not covered by exemptions, a notice issued by US Customs and Border Protection said, the rate initially announced by President... 


Creamer Media Steel report 2026 cover
Steel 2025/6: Policies, Tariffs, and Survival
16th February 2026 By: Creamer Media Reporter

Creamer Media’s ‘Steel 2025/6: Policies, Tariffs, and Survival’ report finds a steel sector under pressure globally and in South Africa, with the report’s main themes being market balance, trade... 


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pqt: 0.027s - ct: 0.068s - 105pq - 2rq
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