JOHANNESBURG (Reuters) -South African President Cyril Ramaphosa pushed back against U.S. President Donald Trump's imposition of a 30% tariff from next month, saying that it is based on an inaccurate view of the two countries' trade and that negotiations with the U.

South Africa’s National Treasury is worried that the US’s proposed 30% tariff could hit tax revenues and is modeling the impact it may have on the nation’s budget.

South Africa's President Cyril Ramaphosa has opposed what he calls the "unilateral" higher trade tariffs imposed on his country by the US. US President Donald Trump announced on Monday that he would subject imports from South Africa to a new 30% tariff from 1 August.