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Amid the market carnage South Africa must master the art of the deal - fast
The Star
|April 07, 2025
MARKETS on Monday are expected to crash. It's not rocket science; the world hates uncertainty and what is happening right now is uncharted economic waters that no one has sailed before. All thanks to US President Donald Trump and Co.
This after Trump's latest tariff bomb shell has ripped the global economic script to shreds, rattling and wiping out more than a trillion dollars in value, and world leaders scrambling for answers.
The US, burdened with $36.2 trillion in debt, ($9.2Trillion/R169.6Trillion) of which needs refinancing this year - has rolled out a bold new play: a 100% universal tariff on all imports, effective April 5, plus targeted 'reciprocal tariffs' on specific nations. The White House frames it as a shield for national and economic security, but markets see it as a sledgehammer to global trade and GDP growth.
This story is from the April 07, 2025 edition of The Star.
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