South Africa’s government is putting the final touches to an overarching package that aims to shield businesses against the fallout from punitive US trade tariffs and plans to present it to lawmakers later this week.

South Africa on Monday outlined support measures for local companies that will be hit by a 30% U.S. tariff this week, including exemptions from some competition rules and financial support facilities.

The South African automotive industry is bracing for a potential 30% tariff imposed by the US, which could lead to significant job losses and disrupt trade flows. Industry leaders express deep concern