Trump, Lesotho and Africa
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CBS News |
Mr. Trump's so-called "Liberation Day" tariffs included a whopping 50% levy on the small, impoverished nation's imports, and the Lesotho government quickly said it would send a delegation to Washingt...
The New York Times |
Kevin Hassett, the head of the White House National Economic Council, said that he did not expect to “see a big effect on the consumer in the U.S.,” even as he acknowledged in an appearance on ABC’s “...
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The government of Lesotho told its citizens not to panic after the U.S. announced a trade tariff that risks wiping out nearly half of its exports.
U.S. President Donald Trump's tariffs have struck among others the small southern African kingdom of Lesotho, one of the world's poorest nations.
But the fallout from the U.S. tariffs could be severe. Lesotho’s Trade Minister Mokhethi Shelile warned of looming factory closures and job losses in the textile sector, which employs about 12,000 people. “We are deeply concerned,” he said, adding that the government would send an urgent delegation to Washington to negotiate a better deal.
President Trump imposes record-breaking tariffs on 60 nations, including 50% on Lesotho, aiming to address trade imbalances and protect American manufacturers.
Lesotho’s textile industry, a key pillar of its economy, faces an uncertain future after US President Donald Trump imposed a 50 per cent tariff on imports from the country. With nearly 75 per cent of its textile exports going to the US,
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