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Trump’s midterm rout gives Ramaphosa hope for US reset days after South Africa loses duty-free access to $24.1 billion trade partner

Business Insider AfricaAyodeji Adegboyega · 5 November 2026 at 06:45

South African President Cyril Ramaphosa has described Donald Trump’s defeat in the US midterm elections as a possible opening for a diplomatic and commercial reset between Africa’s most industrialised economy and its $24.1 billion American trading partner.

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In Africa, the U.S. is cutting trade benefits for some partners while signing major investment agreements with others. After moving to end South Africa’s duty-free access to the U.S. market, Washington has recently signed a five-year economic agreement with Egypt worth $625 million.

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