💨 Abstract

US President Donald Trump is set to announce new tariffs on Wednesday, 2 April, which could spark a global trade war. The rand has weakened against major currencies as markets brace for the potential impact. Trump is expected to reveal "Liberation Day" tariffs, which will target countries that have allegedly targeted the US. The exact details of the tariffs are unknown, but they could include blanket 20 percent tariffs or preferential treatment for some countries.

Courtesy: www.thesouthafrican.com

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