The JSE closed flat on Thursday as gains by banking and financial shares were offset by losses among miners and rand hedges, with the rand managing only marginal gains on the day. The euro was firmer against the dollar as investors awaited the latest developments in the US-China trade dispute, while efforts to rewrite the North American Free Trade Agreement (Nafta) continued. US President Donald Trump is widely expected to announce the imposition of 25% tariffs on $200bn worth of Chinese imports later on Thursday. In US domestic politics, Trump faced renewed controversies, coming in the wake of a book by Bob Woodward describing chaotic policy-making conditions in the White House. Trump tweeted the single word "TREASON" in obvious reference to the release of an anonymous article in the New York Times in which a Trump senior aide describes him as "a president that continued to act in a manner that was detrimental to the health of our republic". Later, Trump demanded that the New York ...
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