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"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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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.

·Paris, France
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Trump says to set 50% copper tariff, no extension to August deadline

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, while announcing plans for a 50 percent duty on copper imports.

·France
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LoudFact broke the news in on Sunday, July 6, 2025.
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