G20 Finance Chiefs Approach Consensus in South Africa
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When U.S. President Donald Trump met five African leaders in Washington in July, his lack of familiarity with the continent was on display. He praised Liberian President Joseph Boakai’s English — Liberia’s official language — and gestured at another leader to wrap up remarks.
Naamsa has warned that new US tariffs on South Africa could decimate the local vehicle manufacturing export industry.
South Africa’s central bank Governor Lesetja Kganyago signaled confidence that inflation would remain within its target for the next two years, despite uncertainties stemming from US tariffs.
South Africa’s automotive industry lobby group warned that the country’s economy will be devastated by tariffs on exports to the US, which come into force on Aug. 1. The country faces 30% tariffs on all exports,
The White House will today deliver the first set of new, unilateral tariff levels, with a three-month reprieve set to expire on Wednesday.
South African central bank chief Lesetja Kganyago flagged that dollar depreciation because of US tariffs and deflation in China are clouding the outlook for inflation locally ahead of a rate-setting meeting at the end of the month.
President Donald Trump revealed new higher tariff rates for more than a dozen countries after hitting Japan and South Korea first earlier in the day.
DURBAN (Reuters) -G20 finance chiefs will meet in South Africa on Thursday under the shadow of President Donald Trump's tariff threats and questions over their ability to tackle global challenges together.
South Africa's main coalition partners are embroiled in a spat over how to respond to looming tariffs from a hostile Trump administration, after the smaller party said the president's aide was denied a U.