US President Donald Trump President Cyril Ramaphosa and his US counterpart Donald Trump spoke by phone on the eve of the introduction of Washington’s punitive new tariff regime. The call signals an effort by the authorities in Pretoria to invigorate negotiations on a new trade deal with its biggest partner after China. The two nations…
As global trade dynamics shift and protectionist policies re-emerge, South Africa finds itself facing a significant economic hurdle: new 30% tariffs imposed by the United States on selected South African exports. These tariffs threaten not just the competitiveness of our goods abroad, but the stability of key domestic industries – particularly manufacturing and agriculture. With…
President Trump’s sweeping tariffs are spreading economic anxiety.
After months of delays and extensions, President Donald Trump’s comprehensive and sweeping tariffs slate took effect Thursday just after midnight ET, shifting his global trade reset into high gear. Most imports into the United States will now face a baseline 10% duty, with the overall average effective tariff rate rising to more than 17% —…
US President Donald Trump’s sweeping new tariffs on countries around the world have come into effect in an escalation of his trade war. “IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!,” Trump said on social media minutes before the midnight deadline in Washington, DC. Earlier, the president…
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Japanese auto giant Honda‘s first-quarter operating profits fell 50% year over year on Wednesday, missing estimates due to U.S. auto tariffs and a stronger yen. Here are Honda’s results compared with the mean estimates…
US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That will raise the total tariff on Indian imports to the United States to 50% – among the highest rates imposed by the US. The new rate will come into effect in 21…
Canada’s U.S. trade minister Dominic LeBlanc told “Face the Nation with Margaret Brennan” that while the country was disappointed that President Trump has levied a 35% tariff, “We believe there is a great deal of common ground between the United States and Canada in terms of building two strong economies that work well together.” He…
Trade minister Parks Tau South Africa faces a 30% tariff on its exports to the US starting next week, a move expected to cost tens of thousands of jobs after the country failed to secure a trade deal before a deadline set by US President Donald Trump. In an executive order on Thursday, Trump slapped…
Natalie Sherman Business reporter, in New York Watch: Trump defends firing of Bureau of Labor Statistics head over “wrong” numbers US President Donald Trump said he would fire the head of the agency charged with publishing some of America’s most closely watched economic data, after a weaker-than-expected jobs report stoked further alarm about his tariff…
