US moves to terminate SA, Rwanda from AGOA: Sophie Mokoena

The United States is moving to terminate South Africa and Rwanda from its African Growth and Opportunity Act, or AGOA trade preference programme from the first of January 2027. US President Donald Trump has notified Congress and both governments of his intention to withdraw their preferential trade access. US Trade Representative, Jamieson Greer, alleges in a statement that Rwanda and South Africa are engaging in practices inconsistent with AGOA's eligibility criteria. Losing its status means South African exports will revert to standard Most Favoured Nation Tariff rates. The sectors that will be negatively impacted include Agriculture, as well Automotive and Manufacturing. Sophie Mokoena has more. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.