The “shock and awe” imposition by US President Donald Trump of high tariffs on a wide range of countries was bad news for the world trading system and for Africa and South Africa in particular.

International financial markets have taken a huge knock in the wake of the news and economic growth forecasts are being slashed everywhere. The fate of many exporters and the sustainability of their export markets hang in the balance as collateral economic damage from the escalating tariff wars threatens the global economy...

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