South African rand slumps after Trump's tariff threat on BRICS-aligned countries

South African rand slumps after Trump's tariff threat on BRICS-aligned countries

South Africa's rand fell on Monday as markets reacted to U.S. President Donald Trump's threat to impose additional tariffs on BRICS-aligned countries, while also awaiting updates on country-specific levies ahead of Washington's looming July 9 deadline.

Trump imposes 30% tariff on South African exports

US President Donald Trump has announced a staggering 30% tariff on all goods exported from South Africa to the United States in a move that has sent ripples across South Africa’s export economy, Cape {town} Etc reports. The new tariffs, which will take effect on 1 August 2025, are part of a larger strategy aimed at recalibrating economic relations with several countries, including South Korea and Japan, which are facing a hike of 25%. In a lette…

South Africa's rand slumps after Trump's BRICS tariff warning

South African rand has taken a hit after President Donald Trump threatened to impose additional tariffs on BRICS-aligned The post South Africa’s rand slumps after Trump’s BRICS tariff warning appeared first on National Accord Newspaper.

Tariff Uncertainty and Fed Policy Shape Market Outlook as Rand Faces New Pressures

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