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.
- US President Donald Trump announced new 30% tariffs on all South African imports effective August 1, 2025, escalating trade tensions between the two countries.
- This tariff follows prolonged disputes and a June 24, 2025, meeting in Luanda where the US raised concerns about trade deficits and lack of reciprocity in bilateral trade.
- South Africa's President Cyril Ramaphosa and his office contested the tariff, stating it misrepresents trade data since 56% of South African imports and 77% of US goods enter with zero tariffs.
- Trump asserted the tariffs protect American jobs and manufacturing, warning that tariff rates might change based on diplomatic relations and that retaliatory South African tariffs would be added on top of the 30%.
- South Africa pledged continued diplomatic efforts and urged businesses to diversify exports, while broader US-South Africa relations remain strained amid halted US aid and ongoing trade negotiations.
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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.
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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.
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