The South African rand fell in early trade on Monday as markets reacted to U.S. President Donald Trump's threat to impose additional tariffs on BRICS-aligned countries. Trump said on Sunday in a post on Truth Social that countries aligning themselves with the "anti-American policies" of BRICS will be charged an additional 10% tariff,

South Africa is not anti-American and remains committed to negotiating a trade deal with the United States, a spokesman for the country’s trade minister told Reuters, after U.S. President Donald Trump threatened an extra 10% tariff on countries aligned with the BRICS group of developing nations.

The looming levy has cast a cloud over the sunny valleys of Citrusdal, a tiny, serene farming town nestled amid rolling green hillocks in the Western Cape area of South Africa.