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Malaysia, South African and others get tariffs as Trump rolls out the trade letters

  • On July 7, President Donald Trump sent letters announcing new tariffs between 25% and 40% on imports from seven countries, including South Africa and Malaysia.
  • These tariffs stem from Trump's broader reciprocal tariff policy first imposed in April and paused for 90 days, with the pause ending on July 9 and tariffs starting August 1.
  • South African officials expressed concern over the tariffs' impact on key industries like mining and urged diplomatic efforts to avoid economic harm before the August 1 deadline.
  • Trump asserted that the tariffs aim to address the United States' trade deficits, while opponents contend that the measures oversimplify complex economic issues and may damage international trade relationships.
  • The tariffs could reduce exports and provoke retaliation, intensifying tensions and challenging efforts to secure new trade deals amid ongoing market instability.
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Donald Trump has shared six more letters to government leaders on his own platform Truth Social announcing import duties. Trump's…

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Portfolio.hu broke the news in on Monday, July 7, 2025.
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