Story perspectives

U.S. Tariffs Slash South Africa Auto Exports 90%

10/5/2025

Summary

Story summary

U.S. tariffs slashed South Africa's auto exports 90% in second quarter, risking up to 100,000 jobs.
Rising imports and the shift to electric vehicles prompt government support for local manufacturers.
Beijing Auto expands operations.
Mahindra expands operations and explores a full-scale plant with the Industrial Development Corporation.
Analysts urge stronger protections and investments in electric vehicle infrastructure to prevent de-industrialization.

History

Historical Context

The Smoot-Hawley Tariff Act, enacted on June 17, 1930, raised tariffs on over 20,000 imported goods, contributing to a 90% decline in U.S. foreign trade and exacerbating the Great Depression. This protectionist measure prompted retaliatory tariffs worldwide, significantly impacting economies like South Africa, where up to 100,000 jobs are now at risk due to similar policies, highlighting the ongoing challenges of global trade dynamics.

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Story summary

U.S. tariffs slashed South Africa's auto exports 90% in second quarter, risking up to 100,000 jobs.
Rising imports and the shift to electric vehicles prompt government support for local manufacturers.
Beijing Auto expands operations.
Mahindra expands operations and explores a full-scale plant with the Industrial Development Corporation.
Analysts urge stronger protections and investments in electric vehicle infrastructure to prevent de-industrialization.

1 / 2