Mideast Stocks Fall as New Tariffs Start, Banks Eye Debt, More

South African President Cyril Ramaphosa said the National Treasury is looking at all options to avoid having to raise value-added tax but that the prospects for escaping such an increase are dim.

As US President Donald Trump laid out a wave of new tariffs that will take average levies to their highest in more than a century, he drew cheers and laughs from aides and supporters in the White House Rose Garden. For economists, markets and the rest of the world, there was very little to celebrate.