South African factory workers protested against the dismissal of foreign employees, arguing that their skills are vital for protecting local jobs.
South African factory workers protested against the dismissal of foreign employees, arguing that their skills are vital for protecting local jobs.
Stocks and the dollar tumbled while gold hit a fresh record high as panic gripped markets again Friday after Donald Trump admitted that his global tariff blitz could see "a transition cost". The weaker dollar and the rush for safety has also sent gold to a fresh record high above $3,200, while fears of a possible global recession have battered oil prices, which extended losses Friday.
Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging trade offensive against superpower rival China. Trump acknowledged "a transition cost and transition problems," but dismissed global market turmoil.
US President Donald Trump's delay of steeper tariffs may have won brief respite on Wall Street, but analysts say his actions -- which hit China especially hard -- already bring the average US effective tariff rate to its highest in over a century.
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