"Close To Making Deal With India": Trump As He Slaps Tariffs On 14 Countries
UNITED STATES, JUL 8 – The United States and India aim to finalize a trade deal within 48 hours to avoid reciprocal tariffs and secure concessions on key labor-intensive exports, officials said.
- On July 7, 2025, US President Donald Trump declared that, effective August 1, 2025, imports from South Africa would face a new duty rate of 30%, targeting trade imbalances between the two countries.
- The tariff follows years of US complaints about long-term trade deficits linked to South Africa's tariff and non-tariff barriers amid ongoing diplomatic engagement.
- South African President Cyril Ramaphosa disputed the tariff rate as inaccurate, noting that over half of US goods enter South Africa duty-free and negotiations continue.
- Trump stated tariff rates could be modified based on bilateral relations and warned that South Africa's retaliatory tariff increases would be added on top of the 30%.
- The tariff announcement has strained US-South Africa relations, including halted US aid, and suggests ongoing trade tensions with potential for further tariff escalations.
167 Articles
167 Articles
Trump’s tariff deadline delay brings hope, confusion to trade partners, businesses | The Asahi Shimbun Asia & Japan Watch
WASHINGTON--U.S. President Donald Trump's latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity on the path forward.
Trump's trade war led Amazon's low-cost Asian rivals Temu, Shein into retreat, but it may be temporary
As Trump’s latest trade war and tariff policies roll out, low-cost Asian retailers Temu and Shein can find ways to succeed amid targeting, retail experts say.
Channel News Asia
PressNewsAgencyCommentary: ‘Mr Japan’ is entitled to be furious with Trump’s copy-and-paste tariffs
US President Donald Trump’s brinkmanship might be setting up another TACO trade. The lasting damage to a vital friendship shouldn't be underestimated, says Bloomberg Opinion’s Gearoid Reidy.
On the eve of the deadline set by the President of the United States to reach a financial agreement with its partners, the Trump administration announced the extension of the deadline to 1 August, and imposed new tariffs on 14 countries.
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