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South Africa has unveiled urgent support measures to counter the economic fallout from a new 30% tariff imposed by the United States on certain exports, effective August 7. President Cyril Ramaphosa called the tariffs “very punitive,” and trade officials announced financial aid, exemptions under the Competition Act, and a plan to use the country’s unemployment fund to reduce job losses. He vowed urgent action to protect jobs and the economy, unveiling financial support and legal exemptions to help local firms cope. Watch