President Donald Trump has announced a fresh set of tariffs that will come into force on October 1.
The latest measures include a 100% tariff on certain imported pharmaceutical products.
However, companies can avoid the steep duty if they are actively constructing manufacturing plants within the United States.
In addition to drugs, tariffs will also be levied on heavy trucks, at 25%, and home goods such as kitchen cabinets and bathroom vanities, at 50%.
The White House stated the tariffs aimed to shield American industries and bolster domestic production, considered vital for national security and supply chain resilience.
The announcement was made on the President’s social media platform and has prompted market movements and debate within trade circles.
This latest move forms part of a broader strategy to encourage companies to manufacture on American soil rather than outsource production abroad.
View the discussion thread.
By May, Suez volumes were estimated to be down by about 70% compared with 2023.
South Africa’s ports, shipping services and broader logistics system are critical links in sustaining global supply chains.
Maersk has emerged as the most reliable carrier, achieving 80.6% schedule reliability.
Sixty-eight per cent of women leaders report encountering bias tied to gender.
The goods included Afzal hookah pipe flavours, Nike sandals and Louis Vuitton belts.
Increased vessel traffic and limited enforcement are driving up the level of crime in the region.
It is designed to strengthen Panama’s competitiveness while meeting strategic demand.
The port has gone from worst-performing port to showing strong operational gains. – World Bank
“The Port of Durban was the worst-performing port in 2024.” – Container Port Performance Index.
Countries such as Chile and Ecuador have reported a sharp 143% increase in low-cost imports.
In its first year, the platform revolutionised ro-ro operations across Durban, East London and PE.
SA’s current integration is described as modest and heavily reliant on multilateral agreements.
Renewable energy projects, digital infrastructure and manufacturing highlighted as needing investment.
