Donald Trump's announcement of new tariffs, targeting imports from a range of countries including the EU, has sent shockwaves through global markets. The South African rand has plummeted, while the FTSE 100 Index has suffered a significant drop. World leaders have voiced concerns over the potential economic fallout, with some advocating for retaliation while others urge caution and dialogue.
will host a live Q&A on Donald Trump 's tariffs announcement.South African rand slumps after Trump says he will cut off funding
He said South Africa was confiscating land, about a week after President Cyril Ramaphosa signed into law legislation that allows the state to expropriate land in the public interest under certain circumstances. Villeroy, who is also a European Central Bank policymaker, said Trump's tariffs were"very brutal" and would hit the autos sector especially.
Canadian sports fans booed the US national anthem at a sports event over the weekend hours after Donald Trump followed through on his threats regarding import tariffs. "You're talking about big economic consequences for America, Canada, Mexico, China and for the rest of the world," he adds.Following on from our last post, a look at the London's FTSE 100 Index shows it has tumbled more than 1% on opening after Donald Trump announced a wave of tariffs and warned the EU would be next.
TARIFFS TRADEWAR GLOBAL MARKETS ECONOMICS DONALD TRUMP
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