Despite US tariffs pause, southern African economies under threat
Friday, 11 April 2025 () Washington's 90-day pause on higher tariffs is of little comfort to southern African economies facing the collapse of a preferential trade deal and a 25-percent hike on car imports, analysts say. They all expect to suffer under the 10-percent tariffs applied on imports to the United States by President Donald Trump, even though he announced a pause Wednesday of higher hikes announced for several countries.
President Donald Trump admitted delaying tariff hikes due to market panic, saying investors were getting “afraid.” Following a $1.5 trillion stock wipeout ahead of tariff hikes, Trump froze most tariffs at 10%—except for China’s, which rose to 125%. The announcement triggered a...
US President Donald Trump has the world's leading economies on edge as he prepares to unveil a promised raft of tariffs that critics say could trigger a global trade war. Trump has dubbed an..
Friday, 11 April 2025 ()
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