Political economist: “Trump’s liberation day tariffs are arbitrary numbers that each country would need to pay as tariffs to access the U.S. market”
Early reports indicate that U.S. President Donald Trump sent a letter to President Cyril Ramaphosa on Truth Social. In the letter, Trump informed Ramaphosa that South Africa will face a 30% tariff on all products exported to the U.S. starting August 1, 2025, unless a new trade deal is negotiated by that date. Speaking on VOCs, political economist Khaya Sithole said the move signifies "chaos" for South Africa. "Trump announced […]