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.
22 Articles
22 Articles
Donald Trump has shared six more letters to government leaders on his own platform Truth Social announcing import duties. Trump's…
BREAKING: Donald Trump hits South Africa with 30% tariffs
South Africa is set to face a significant trade setback as US President Donald Trump has confirmed that 30% tariffs will be imposed on all South African goods starting 1 August 2025. The announcement was made in a letter from Donald Trump to President Cyril Ramaphosa. Trade imbalance cited as justification The tariffs are a result of the Donald Trump administration’s stance on global trade imbalances, claiming that South Africa sells more to the…
Trump Announces Tariffs For South Africa, Laos, Myanmar, Malaysia, Kazakstan
President Donald Trump on Monday announced new tariff rates for South Africa, Laos, Myanmar, Malaysia, and Kazakhstan, posting letters to the leaders of each country on his Truth Social account.
'Complete and utter buffoon': Trump mocked as 'senile' over letters to foreign leaders
On Monday, President Donald Trump sent official letters to the governments of multiple countries announcing new tariffs specifically for their nations' exports to the United States. Trump posted images of the letters to his Truth Social account, which were addressed to the heads of state for Japan, Kazakhstan, Laos, Malaysia, Myanmar, South Africa and South Korea. The letters announced that the U.S. would be imposing tariffs ranging from 25% to …
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