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.

On Thursday, Trump slapped a 30% tariff on South Africa’s imports, the steepest rates in sub-Saharan Africa, a move central bank Governor Lesetja Kganyago cautioned could jeopardize over 100,000 jobs in agriculture and automobile industries.

South Africa poses no trade threat to the U.S. economy nor its national security, its government said on Monday, days before a steep U.S. tariff is due to take effect. Africa's biggest economy faces a 30% tariff on its exports to the U.