US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the Federal Reserve’s ability to lower interest rates further, Fitch Ratings has revealed The “Liberation Day” tariff increases outlined by the US government on 2nd April, 2025 sharply exceeded the already steepContinue Reading
U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week. The initial 10% “baseline” tariff took effect at U.S. seaports, airports and customs warehouses at 12:01 a.m.Continue Reading
Nintendo says it will no longer open pre-orders for the Switch 2 in the United States next week, following the introduction of steep tariffs on exports from Japan. The firm unveiled the much-anticipated console on Wednesday, the same day US President Donald Trump announced his sweeping new global tariffs. It said thenContinue Reading
American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of here altogether. This is especially bad for US agricultural producers. They already had 10 or 15% tariffs onContinue Reading
South Africa has no immediate plans to retaliate against the United States over tariffs announced by President Donald Trump this week and will instead seek to negotiate exemptions and quota agreements, senior government officials said on Friday. Trump imposed a 31% tariff on U.S. imports from South Africa on Wednesday, when he announced a 10%Continue Reading
South Africa will seek a meeting with U.S. authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the United States. South Africa, whose exports of vehicles and parts into the United States is estimatedContinue Reading