South African markets react to Trump’s economic decisions
African News Agency | 23.02.2026 00:28
Despite the decision by US President Trump to “invade” Iran by deploying “massive armada” to the region, that have left for Iran closing the Strait of Hormuz, building up geopolitical tensions in the Middle East, South African financial markets gained on these uncertainties. The decision by the US Supreme Court to put a roadblock to Trump’s global tariffs with the court ruling on Friday that the tariffs imposed by Trump are illegal, also boosted domestic market sentiment to the good. Trump had imposed a 30% tariff on South Africa.
