Trump tariffs sending shock waves through SA’s economy
Levies of 30% on exports to the US seen as a serious headwind requiring a calm, pragmatic approach
Leading economists are sounding the alarm over the fallout from a new round of aggressive trade tariffs imposed by US President Donald Trump — warning that the implications extend far beyond the US-China rivalry and now threaten to derail growth prospects for emerging markets, including SA.
The tariffs, announced on Trump’s “Liberation Day”, have sparked widespread concern that the global economy is entering a perilous phase of protectionism, fragmentation and elevated recession risk. Trump also turned his attention to SA, imposing tariffs of up to 30% — among the highest announced — on the country’s exports...
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