The global trade handbook has been thrown out of the window right before our eyes, threatening to unravel the world economic order and fragile economies like South Africa.

President Donald Trump’s broad swathe of so-called reciprocal tariffs against the US’s major trading partners, however flawed they are, have put South Africa in a tricky position, not only because of the “twisted”, tense diplomatic relations between the two countries but, crucially, because it is highly integrated into global supply chains and financial markets.

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