On Monday China struck back at the US-imposed tariffs, saying that it would impose higher tariffs on a range of goods to the country.
China finance ministry said it planned to set import tariffs ranging from 5% to 25% on more than 5 000 US products.
To discuss the US-China tariff war, Nickolaus Bauer on the Xolani Gwala Show chats to Vestact chief executive officer and founder Paul Theron.
This tariff war is a mess. The problem is that President Donald Trump thinks that to make America great again, he needs enemies. And he thinks this plays well politically.— Paul Theron, CEO and founder - Vestact
He says there is no support for a trade war, but Trump thinks the Chinese will pay these tariffs.
It is tough. I said what Trump's shortcomings are, but let us be fair, the Chinese are difficult as well.— Paul Theron, CEO and founder - Vestact
He says South Africa has to wait and see how the war plays out and how it will affect the country.
Listen below to the full interview: