# North West University Business School economist Raymond Parsons says US president Trump’s announcement of higher tariffs will disrupt the global economy, with negative effects for South Africa. Parsons warns the tariffs could lead to higher inflation, slow global growth, and risk recession in some economies. He adds the South African economy faces a tough challenge, particularly in the automotive sector, with a 30-percent tariff on local goods and urges the government to explore new trade markets like the African Continental Free Trade Agreement.
Economist warns Trump’s tariff hikes set to disrupt global trade