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South African Rand Slumps After Trump’s Tariff Threat On BRICS-aligned Countries

South Africa’s rand fell on Monday as markets reacted to U.S. President Donald Trump’s threat to impose additional tariffs on BRICS-aligned countries, while also awaiting updates on country-specific levies ahead of Washington’s looming July 9 deadline. Trump said on Sunday in a post on Truth Social that countries aligning themselves with what he called the…

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