First Take SA

90-day suspension of tariffs on all countries except China


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President Trump has announced a 90-day suspension of tariffs on all countries except China, while simultaneously increasing the tariff rate on Chinese goods to 125%. Following this period, the tariff rate is set to decrease to a uniform 10% for all nations except China, which will remain subject to the elevated levy. The White House states that this decision comes as dozens of countries have expressed willingness to enter into trade negotiations. To discuss this, Elvis Presslin spoke to Independent Analyst, Khaya Sithole 

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