The governments of South Africa and the US strive for a new trade agreement. According to this wants to buy a billion dollars (equal to 890 million euros) per year from the United States. In exchange, Washington is supposed to do without taking rates at 40,000 cars from South Africa.
This was announced by the South African presidential minister Khumbudzo Ntshavheni. The United States would also invest in the development of gas production in South Africa, including Fracking. In exchange, South Africa can export 40,000 new cars per year without extra rates to the United States, including car parts to produce cars in the US. Moreover, rates would be lost at 385,000 tons of steel and 132,000 tons of aluminum per year.
However, the agreement is only temporary and should apply for the time of ten years. The figures called NTShavheni are included in the proposal for a trade agreement that an American trade officer must now check. There is also the possibility to increase and diversify trade between the two countries in areas such as gas, minerals, agriculture and nuclear products, “said a spokesperson for the South African head of the state of Cyril Ramaphosa.
Trump threw “Genocide” from white
During the Washington meeting last week, the mood was still tense. US President Donald Trump had exaggerated the South African president with accusations of an alleged “genocide” of whites. He asked for Ramaphosa statements for the fate of white farmers in South Africa. These would be “executed” in their home country and their country was seized, the US president claimed. The government of Trump had previously started around 50 white South Africans as “refugees”.
Ramaphosa then called Trump for a “new beginning” in the relationships between the two states. Before his departure from the United States, he said that the meeting “went very well”. Trump’s statements did not comply with the official government policy.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
