Trump warns South Africa
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Trump announces 30% tariffs on EU, Mexico
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With Agoa ending soon, African nations may have to face the Trump administration alone when tariffs hit on August 1.
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Explícame on MSNCountries respond to Trump's new tariffs, chaos arisesPresident Donald Trump has initiated a new phase in his global trade strategy, notifying 14 nations of impending tariffs ranging from 25% to 40%. This move aims to address U.S. trade deficits and policies that hinder American goods abroad.
When Limpho Lefalatsa first learned she had lost her job at a Lesotho garment factory after 12 years due to U.S. President Donald Trump's decision to hit her tiny African homeland with a crippling tariff on its exports,
Trump and his aides have repeatedly shifted their stance on tariffs since the president’s “Liberation Day” announcement.
The White House hosted an “African leaders” summit of sorts this week. But only five countries from the continent of more than 50 nations were welcome to join.
South Africa sees this as an opening to reach a mutually beneficial agreement, preventing the escalation of trade tensions that could impact jobs, investment, and export-oriented industries in both countries.
In a move that stunned global markets and rattled diplomatic corridors, former President Donald Trump announced Wednesday that all Brazilian goods entering the United States will face a 50% tariff starting August 1.