💨 Abstract

President Trump reinstated higher tariffs on several countries including South Africa, with duties ranging from 25% to 40%, but offered flexibility for negotiations, extending the deadline to August 1. -countries like Japan and South Korea received 25% tariff notices. -The announcement caused stock indexes to fall, with concerns rising about global trade uncertainty. -Many countries are seeking deals and collaborations to avoid these tariffs.

Courtesy: Garrin Lambley