President Donald Trump has postponed implementing higher tariffs on US imports, issuing letters to 14 countries including Japan and South Korea about potential levies set to start on 1 August.

• The new tariffs were initially scheduled to take effect on 9 July, but the deadline has been extended.
• Economist Adam Ahmad Samdin indicated that such extensions are common as trade agreements require time to finalize.
• Trump warned that tariffs could be adjusted based on each country's relationship with the US, with the potential for a 25% tax on certain goods.

President Donald Trump has announced plans to impose a 25% tariff on products from South Korea and Japan, effective 1 August.

• 25% tariffs set to impact goods from Japan and South Korea
• Trump announced the tariffs via social media and indicated ongoing negotiations with various countries
• Initial tariffs were part of a larger trade policy; negotiations to avoid the new duties are set to expire on 9 July

South Africa’s President Cyril Ramaphosa has opposed the new 30% tariff on imports from his country announced by US President Donald Trump, set to take effect on August 1.

• 30% tariff imposed, the only African nation affected by Trump's latest announcement.
• President Ramaphosa criticized the tariff as an inaccurate representation of trade data.
• The US is South Africa's second-largest trading partner, with key sectors, such as automotive and agriculture, facing significant trade barriers.