Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Countries prepare for tariff hikes
Cape Argus
|July 08, 2025
US PRESIDENT Donald Trump has said he would send letters to select trade partners facing tariff hikes as early as yesterday, piling pressure on countries to strike a deal with Washington before a new August 1 deadline.
-
The White House announced sharp levies on dozens of economies in April, citing a lack of “reciprocity” in trade relations, which were set to kick in on tomorrow.
Trump announced on Friday the levies’ imposition would be pushed to August 1 to allow time for talks to wrap up, but said he signed 12 letters to inform some countries of rate hikes, which will likely be sent on Monday.
With Treasury Secretary Scott Bessent saying the administration was “close to several deals,’ where do things stand for economies from Taiwan to the EU?
The EU said it is “ready for a deal” with Washington, with the bloc’s trade chief meeting his US counterparts Thursday.
European Commission President Ursula von der Leyen said the EU was targeting an “agreement in principle” when it came to the initial July 9 cutoff.
Bessent said the EU is “making very good progress” after a slow start.
This story is from the July 08, 2025 edition of Cape Argus.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Cape Argus
Cape Argus
Boland hungry for silverware, says fast bowler Dudgeon
BOLAND fast bowler Keith Dudgeon has told Independent Media that the Paarl-based unit has learned from its mistakes in last season's CSA One Day Cup final as they brace to host the CSA T20 Challenge at Boland Park on Sunday.
2 mins
November 27, 2025
Cape Argus
MK Party takes president to court over Cachalia appointment
FORMER president Jacob Zuma’s MK Party heads back to the Pretoria High Court today, insisting that President Cyril Ramaphosa’s appointment of Prof.
1 mins
November 27, 2025
Cape Argus
Hidden architecture of the human mind
DARK-BOX FRONTIER THEORY
3 mins
November 27, 2025
Cape Argus
Call for Judge Phahlane’s suspension after Hawks arrest
CIVIL society organisation Judges Matter has called on Gauteng High Court Judge Portia Dipuo Phahlane to immediately step down from her judicial duties following her arrest by the Hawks over allegations of taking a bribe worth millions of rand in a long-running church leadership dispute.
1 mins
November 27, 2025
Cape Argus
A disappointing sequel to the beloved musical
WICKED LETDOWN
4 mins
November 27, 2025
Cape Argus
We have a solid plan to beat Connacht, says Tshituka
AFTER the Sharks’ unfortunate start to the United Rugby Championship and the resulting turbulence off the field, the November break from the competition is the best thing that could have happened to them.
2 mins
November 27, 2025
Cape Argus
Afrikaner ‘refugees’ row had a profound effect on SA-US relations
I HOPE the South African American refugees are celebrating now that they have succeeded to make history, being instrumental in the collapse of a very important world event, the G20 World Leader’s summit in Joburg.
1 min
November 27, 2025
Cape Argus
How to protect your rights against noisy neighbours
NOISY neighbours can be nightmares, but there are laws in South Africa that protect people's rights to a peaceful home environment.
2 mins
November 27, 2025
Cape Argus
Kloof St named one of the coolest streets on earth
SOMETIMES, Cape Town feels like it smiles back at you.
2 mins
November 27, 2025
Cape Argus
Floods in Thailand, Malaysia kill over 30, displace thousands
TENS of thousands of people in Thailand and neighbouring Malaysia were displaced by widespread flooding, with streets submerged, homes inundated and at least 34 dead, officials said yesterday.
2 mins
November 27, 2025
Listen
Translate
Change font size