News24·4 min read·medium
US hits SA with 12.5% tariffs in sweeping announcement affecting 60 countries
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News24 Business team and Reuters
✦AI Summary
The US administration has imposed new 12.5% tariffs on goods from 60 countries, including South Africa, citing concerns over forced labor enforcement. While some raw materials and food products are exempted, the move marks a continued effort to implement broad trade restrictions.
For more financial news, visit News24 Business .
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