US Edition"Close To Making Deal With India": Trump As He Slaps Tariffs On 14 Countries
UNITED STATES, JUL 8 – The mini trade deal aims to delay 26-27% tariffs until August 1 and includes annual quotas on select Indian products, with comprehensive talks expected after the suspension period.
- On August 1, 2025, US President Donald Trump will impose a 30% tariff on all South African imports to the United States as part of his reciprocal tariff policy.
- The tariff follows strained US-South Africa relations since Trump took office, with South Africa disputing the tariff's basis on inaccurate trade data and ongoing negotiations continuing.
- South Africa's President Cyril Ramaphosa condemned the tariff as unilateral and urged accelerated diplomatic and trade diversification efforts amid existing trade tensions.
- Trump stated the tariff rate could be adjusted based on the bilateral relationship and warned that any retaliatory increase by South Africa would add to the existing 30% tariff.
- The tariff announcement caused market uncertainty, reflected in notable drops in US-listed Japanese automaker shares and the Dow Jones, highlighting wider economic repercussions.
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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.
Trump Sets August 1 Deadline for Tariff Payments; No Extensions Allowed
Get latest articles and stories on World at LatestLY. US President Donald Trump announced that tariffs will start being paid from August 1, 2025, with no extensions allowed. He confirmed that all related payments will be due from that date as stated in letters sent to various countries. World News | Trump Sets August 1 Deadline for Tariff Payments; No Extensions Allowed.
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