On April 2, 2025, President Trump made headlines by declaring new tariffs, dubbing the day “Liberation Day.” Under this new policy, all imports were subjected to a 10% universal tariff, with significantly higher rates imposed on what the administration identified as the 60 “worst offenders.” Among these, South Africa faced a steep 30% tariff, Vietnam a staggering 46%, China a 34% tariff, and Japan a 24% tariff, culminating in a total tariff of 54% on certain imports.
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