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South African rand slips as US tariff and budget worries linger - REUTERS

MARCH 29, 2025

JOHANNESBURG, March 28 (Reuters) - South Africa's rand slipped on Friday, as concerns lingered over U.S. President Donald Trump's tariffs and an impasse between the ruling coalition's two biggest parties over the state budget.

At 1507 GMT, the rand traded at 18.3975 against the dollar , about 0.8% weaker than its previous close.

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The markets have remained on tenterhooks for further clarity from Trump after his announcement of tariffs on automotive imports, which will take effect from midnight on April 3.

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