South African President Cyril Ramaphosa appeared to respond to threats from U.S. counterpart Donald Trump by saying in his annual speech to the nation that his country would “not be bullied.”

South Africa's rand was stable in volatile trade on Thursday, as financial markets awaited "reciprocal tariffs" that U.S. President Donald Trump said he planned to unveil later in the day. At 1532 GMT,

South Africa exports vehicles worth about $1.9 billion every year, many to the United States under a trade deal now in jeopardy as President Donald Trump piles pressure on the