President Donald Trump has raised tariffs on South African goods to 30%, delivering a major economic blow despite a recent Oval Office visit from President Cyril Ramaphosa. The White House announced the move Thursday through an executive order targeting nations that failed to negotiate favorable trade deals with the United States.
On Thursday’s broadcast of The Ingraham Angle, Commerce Secretary Howard Lutnick claimed tariffs “paid for tax on tips and no tax on overtime,” while warning that the U.S. must reduce its trade deficit. Lutnick emphasized that tariffs directly support tax reforms and bolster American revenue.
President Trump locked in new trade pacts with the Philippines and Indonesia on July 22, imposing 19% tariffs on their exports to the United States while demanding zero tariffs on American goods.
President Donald Trump has announced plans to impose 30% tariffs on all imports from the European Union and Mexico, intensifying his administration’s push for fair trade and stronger border enforcement. The new tariffs are set to take effect August 1 and follow a wave of trade actions targeting America’s largest trading partners.
President Donald Trump’s announcement of new reciprocal tariffs reignited global debate over trade policy, drawing sharp criticism from establishment economists and former officials. But beneath the surface of economic formulas and elasticities lies a deeper strategic shift—one aimed at reclaiming American leverage in a global system long skewed against U.S. workers.
Amazon CEO Andy Jassy confirmed Monday that recent tariffs on Chinese imports have not caused significant price increases on the company’s platform. Speaking on CNBC’s Mad Money, Jassy credited strategic inventory moves and competitive seller behavior for keeping prices stable, reinforcing arguments that tariffs do not necessarily fuel inflation as critics long claimed.
