Reported 3 days ago
President Donald Trump announced new tariffs on U.S. imports, raising rates on goods from several countries, including 25% on imports from India and 30% from South Africa. The announcement has led to a decline in Asian and U.S. stock markets, with analysts highlighting the potential for increased volatility. While some countries were spared from the highest tariffs, the overall sentiment suggests that these changes could lead to a significant impact on global trade, resulting in uncertainties for investors and a likely slowdown in economic growth.
Source: YAHOO