Finance chiefs of G20 countries were close to agreeing a common position on trade and other global challenges on Friday, which would be the first since U.S. President Donald Trump's election victory and tariff war.

Finance Minister Enoch Godongwana has warned that South Africa stands to lose around 100,000 jobs due to US tariffs if a trade deal is not renewed.In an interview with Bloomberg Television, Godongwana said the country’s automotive sector,

Naamsa has warned that new US tariffs on South Africa could decimate the local vehicle manufacturing export industry.