Trump sent a letter to Ramaphosa on Monday, July 7, informing him that BRICS nation South Africa would face a 30 percent reciprocal tariff from August 1, 2025, to reflect the trade barriers he said the U.S. faces. Trump sent similar letters to 13 other countries.

Trump initially sparked hysteria in the financial markets by announcing tariff rates on dozens of countries, including 24% on Japan and 25% on South Korea. In order to calm the markets, Trump unveiled a 90-day negotiating period during which goods from most countries were taxed at a baseline 10%.