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The rand weakened early on Tuesday as traders assessed Trump's 25% tariffs on steel and aluminium imports, which were set to apply without exemptions. ETM Analytics said South Africa would be minimally affected, and the rand traded at 18.47 per dollar.
Broad US metals tariffs raise the risk of a wider trade war that could weigh on global demand and emerging-market currencies. For South African feed buyers, the main effect is through currency moves.
cnbcafrica.comReutersFeb 11, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
