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South African rand gains amid unease over Trump's tariff plans - REUTERS

MARCH 26, 2025

JOHANNESBURG, March 26 (Reuters) - South Africa's rand edged higher early on Wednesday, as investors mulled over U.S. President Donald Trump's reciprocal tariff plans which they fear will cause an economic slowdown.

At 0707 GMT, the rand traded at 18.25 against the dollar , about 0.2% stronger than its previous closing level.

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The dollar was little changed against a basket of currencies.
Investors feared that Trump's reciprocal tariffs, expected to take effect on April 2, are likely to be inflationary, potentially slowing economic growth and intensifying trade tensions.

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