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Punishing duties backfires on US economy

Summary by Freight News
South Africa and other emerging economies that face the prospect of double-digit tariffs proposed by US President Donald Trump would only hurt themselves if they responded with reciprocal tariffs. This was the warning Absa Chief Investment Officer, Ricardo Smith sounded during an analysis of global trade dynamics at the Road Freight Association’s 50th Anniversary Conference in
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Freight News broke the news in on Wednesday, May 28, 2025.
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