The US just dealt major blow to SA–more to come

In a BusinessTech article with headline The US has just dealt a major blow to South Africa – and another one might be on the way, Staff Writer, reports:

Trump administration is changing a key exemption to America’s trade laws to make it easier to penalise about two dozen developing countries including China, India and South Africa.

South Africa has effectively been removed from a list of nations that can receive preferential trade benefits

Manufacturing Ind. to loose billions:

National Association of Automobile Manufacturers of South Africa (Naamsa) said the move was a tragedy for the industry. 

Next on the cards:

SA is also facing another US blow due to the draft Copyright Amendment and Performers’ Protection Bill's. This could damage South Africa’s trade relations with the US. 

If SA loses its Generalised System of Preferences (GSP) eligibility, the country will potentially lose up to R34 billion in export revenue, the Copyright Coalition of South Africa (CCSA) has warned.

To remain eligible, beneficiary countries must comply with 15 statutory eligibility criteria that are important to US interests, including taking steps to providing adequate and effective protection of intellectual property rights. 

"South Africa is heading towards a perfect trade storm with the United States which will cost us billions of rands and thousands of jobs,” said the DA’s Dean Macpherson.

Those who have the foresight to leave this inevitable economic storm behind them, take a moment to consider secession. The ULA have followed international law to a 'T', and the process is 97% completed.

This is a legal process and your mandate counts. Sign the mandate today, for yourself and your family here: www.ulacongress.com