How Trump becoming president impacts SA residents
Higher inflation rates, a weaker rand, and potential setbacks for South African exports—these are just some of the economic concerns South Africa could face with Donald Trump's re-election as president of the United States.
In a recent interview on Breakfast with Martin Bester, Brooks Spector, Associate Editor at the Daily Maverick, offered a comprehensive view of how Donald Trump's return as US President could affect South Africa.
For the past week, the world has witnessed a nail-biting US election which ended in Trump's re-election as he claims back his seat in the White House.
One question now remains for South Africans: How does Trump's re-election impact them?
READ: Trump claims victory over Harris in US presidential election
Brooks Spector, Associate Editor at the Daily Maverick, provided insights on things South Africans should consider with Trump being in charge of the largest economy in the world yet again.
One of the key points that emerged from the discussion was the potential economic implications for South Africa.
According to Brooks, South Africa currently enjoys a trade surplus with the United States, which means it exports more to the US than it imports.
Such a surplus translates to more jobs and money flowing into the South African economy.
However, this balance could be at risk with Trump's well-documented positions on trade.
The African Growth and Opportunity Act (AGOA), an important element in this economic relationship, allows South African goods to enter the American market without additional tariffs.
Brooks highlighted the fear among South African experts that with AGOA set to expire in 2025, its continuation could be uncertain under Trump's economic stance, which favours high tariffs and protectionism.
Should South Africa lose these trade benefits, industries such as the wine and automotive sectors, which significantly contribute to the economy, might face severe setbacks.
Moving beyond economic ties, the interview addressed broader social and political questions.
Should South Africans be either celebrating or mourning Trump's presidency?
According to Brooks, the answer is neither.
Instead, South Africans should critically evaluate the political climate and focus on how they can influence their leaders to navigate these international relationships.
READ: World leaders pledge to work with Trump after election triumph
The emphasis should be on ideas and policies that can maintain and strengthen relationships between the two countries.
On the domestic front, questions about the relationship between South African President Cyril Ramaphosa and Donald Trump also arose.
While the public image might appear collegial, Brooks pointed out that the real concern lies beneath the surface with diplomats and lawmakers.
It's crucial that South African representatives engage with US congressional staffers to ensure understanding and support on critical issues.
Reflecting on the US elections, Brooks noted that Kamala Harris might have underestimated the significance of economic concerns like immigration and inflation – issues that Trump focused on.
While Harris emphasised democracy and women's rights, it was Trump who resonated with those worried about their immediate economic circumstances.
This dynamic showcases a broader lesson in electoral politics: addressing tangible, everyday concerns can often sway undecided voters.
READ: Ramaphosa congratulates Trump as he wins US election
In conclusion, as South Africans observe the unfolding of Trump's policies, they should focus on strategic engagement informed by the lessons of this election cycle.
Whether it's through maintaining trade benefits or understanding the shifting political narratives, the key lies in preparedness and informed action.
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IMAGE: AFP