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Threat to renew AGOA could cost South African auto industry $1.88B in US exports and 500,000 jobs.
South Africa's auto industry, which exports $1.88 billion worth of vehicles to the US annually, faces uncertainty as President Trump threatens to end preferential trade access through the African Growth and Opportunity Act (AGOA).
This act offers duty-free access to the US market for African countries, benefiting major automakers like BMW, Ford, and Toyota.
If AGOA is not renewed in September 2025, the South African auto sector, employing around 500,000 people, could suffer significant job losses and investment declines.
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La amenaza de renovar la AGOA podría costar a la industria automotriz sudafricana $1.88B en exportaciones estadounidenses y 500.000 puestos de trabajo.