EconomyTrade

South African Small Business Exports to US Plummet Nearly 50% Following Tariff Changes

South African small and medium-sized enterprises have experienced a dramatic 46% decline in exports to the United States since April, according to new shipping data. The drop follows the implementation of reciprocal tariffs and the elimination of a key duty exemption that previously protected low-value shipments.

Steep Decline in South African SME Exports to US Market

Exports from South African small and medium-sized enterprises to the United States have plummeted by 46% since April, according to reports from international shipping platform TUNL. The company’s SME Export Index, which tracks real shipping volumes from a fixed cohort of 1,850 South African exporters, provides a monthly barometer of how global tariff policies are affecting small businesses.

EconomyPolicy

EU Regional Development Funds Face Scrutiny as Budget Overhaul Sparks Debate

New economic research suggests the EU’s €392 billion cohesion policy generates minimal GDP returns, fueling controversy as Brussels proposes merging regional and agricultural funds. The planned budget overhaul would halve dedicated regional spending, drawing warnings from dependent regions about reversing decades of progress.

Economic Impact Under Scrutiny

The European Union’s flagship cohesion policy, designed to reduce regional inequalities, delivers limited economic returns according to new research emerging as Brussels prepares its most significant budget restructuring in over three decades. Analysis by Zareh Astryan, economics professor at Münster University, indicates that each euro spent through the €392 billion program generates only approximately €1 in additional GDP growth, the report states.

EconomyMarkets

Asia-Pacific Markets Anticipate Gains Ahead of Key China Economic Indicators

Asian markets are positioned for a mostly higher opening as investors focus on upcoming Chinese economic data. Analysts project China’s economic growth slowed to 4.8% in the third quarter. Japanese futures indicate a stronger start following recent market performance.

Market Outlook Across Asia-Pacific Region

Financial markets across the Asia-Pacific region are reportedly set to open mostly higher as investors await crucial economic data from China, according to market analysis. The anticipation comes amid expectations of slowing economic growth in the world’s second-largest economy, with particular attention on GDP figures scheduled for release.