Reading Time: 2 minutes

Finance News

It is hard to see exactly what the current US tariff war has done to the global economy.

International supply chains have been stalled or disrupted. Many companies have cancelled international contracts or orders and many businesses have rather decided to wait a moment to see what the US president would do tomorrow. Things at the White House have been confusing to say the least. Things have been changing faster than a super model backstage at NY fashion week.

While the stock market turmoil has lost some people their entire life savings others have made a fortune. But with even the richest man in the world losing $135 Billion in the last few weeks and months it is safe to say it has been chaos. It looks like many pensioners will be hard hit.

‘Locally, SA wine makers and car manufacturers look to be some of the hardest hit in the tariff backlash’

Locally, SA wine makers and car manufacturers look to be some of the hardest hit in the tariff backlash. Of course, tariffs are not the only factor, the political game of chicken government is running with Starlink and the US has seen SA-USA relationship deteriorate even further. The pending expulsion from AGOA looks set to hit SA exporters significantly.

The result of all these fluctuating factors is hard to gauge right now. Many times, it can take months or years to fully see the full ramifications but many economists are starting to predict another global recession. In among all the uncertainty it seems that US President Trump feels confident that all this confusion will see the USA come out ahead of the rest of the globe.