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US President Donald Trump reassured global markets by stating he won't fire the Fed chair and hinted at significant tariff reductions on China, alleviating concerns over his aggressive trade policies.
How US tariffs are impacting South Africa's economy
Global markets are in chaos as President Trump's new tariffs take effect, hurting South Africa's economy and weakening the rand.
Zimbabwe's President Emmerson Mnangagwa has announced the suspension of tariffs on US imports, a strategic response to recent US tariffs. What implications does this have for Zimbabwe's economy and its relationship with the US?
Zimbabwe's President Emmerson Mnangagwa has announced the suspension of tariffs on US imports, a strategic response to recent US tariffs. What implications does this have for Zimbabwe's economy and its relationship with the US?
China's strong stance against US tariffs is not just about its own interests but a crucial move to maintain global trade stability amidst rising protectionism, says the writer.
As South Africa navigates these turbulent economic waters, the long-term implications of increased US tariffs present both immediate challenges and potential avenues for inflation relief.
South Africa's agricultural exports have grown remarkably from R22. 4 billion in 2004 to R251 billion in 2024. However, recent trade disputes highlight the risks of market concentration. This analysis examines how South Africa is shifting from European dominance to broader market diversification across Africa, Asia, and the Middle East, and why this strategy is critical for future trade resilience.
South Africa's automotive sector demonstrates remarkable resilience with a 31. 1% surge in export sales and 12. 5% growth in domestic vehicle sales, even as it faces challenges from new 25% import tariffs imposed by the Trump administration. Industry leaders remain cautiously optimistic while government officials seek discussions with US authorities
Amid escalating tensions, South Africa faces a critical moment in its relationship with the United States following the controversial expulsion of its ambassador.
Citrus Growers of Southern Africa predict a mixed outlook for citrus exports in 2025, with increases in oranges and grapefruit but a decline in lemon exports. Industry leaders emphasize the importance of infrastructure and market access for future growth.
Cape Town's port is struggling with inefficiencies, leading to a significant drop in fruit exports and raising concerns about the city's economic competitiveness.
A 50-month delay in processing a simple tariff increase application has led to the closure of South Africa's groundnut roasting industry, highlighting the devastating impact of bureaucratic inefficiency on local businesses.
Experts warn that South Africa's potential expulsion from the African Growth and Opportunity Act could lead to significant economic setbacks, affecting exports and job losses across key industries
The Automotive Business Council (Naamsa) on Monday reported that aggregate domestic new vehicle sales in February 2025 totalled 47 978 units, reflecting an increase of 3 229 units, compared to the 44 749 vehicles sold in February 2024
Following a disappointing year for South African vehicle exports, 2025 got off to a positive start with a 29. 5% gain versus January 2024.
Global markets brace for impact as US-China trade tensions escalate, with Trump imposing fresh tariffs on Chinese goods while deliberately postponing talks with President Xi Jinping. Beijing's immediate retaliation with counter-tariffs on US energy and vehicles signals a deepening economic confrontation between the world's largest economies.
South Africa’s economy is deeply intertwined with the US through trade, investment, and aid. With US-South Africa tensions rising, could South Africa lose its economic advantages?
Could South Africa become a hub for Chinese car production? Naamsa CEO Mikel Mabasa shares insights on potential CKD facilities.
The changes under Donald Trump promise to be sweeping and will affect industries around the world, including the automotive sector.
Following three consecutive years of growth, culminating in an all-time record in 2023, South African new vehicle exports declined by a significant 22. 8% in 2024.
Ford South Africa reached a new export milestone in November 2024, achieving the highest figure so far for the current-generation Ranger.
He also promised tariffs for Mexico and Canada over drug trafficking and illegal migration into the US.
The 7th CIIE has attracted 3,496 exhibitors from 129 countries and regions, setting the record with 297 Fortune Global 500 companies and industry leaders attending the event.
Premier Li Qiang’s speech at the China International Import Expo highlights China’s dedication to opening its economy and fostering global cooperation amidst contemporary challenges.