The government of Lesotho told its citizens not to panic after the U.S. announced a trade tariff that risks wiping out nearly ...
Trump hit the small African kingdom of Lesotho with his highest tariff this week at 50%, fueling urgent efforts by the ...
Lesotho has a large trade surplus with the United States, mostly made up of diamonds and textiles, including Levi's jeans.
Textile manufacturing is one of Lesotho's key industries, exporting some 75% of its output to the United States.
A 50% reciprocal trade tariff on Lesotho, the highest levy on U.S. President Donald Trump's long list of target economies, ...
Lesotho scrambled to put together a delegation on Friday to head to Washington to engage with the United States on tariffs ...
Trump's reciprocal tariffs are not reciprocal, nor are they targeted to foster U.S. manufacturing. A few examples show how absurd they are.
The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous. By Patricia Cohen Patricia Cohen ...
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 ...
If you have ever bought a pair of jeans from an American brand like Levi’s or Wrangler, chances are they were manufactured at a factory in the small southern African nation of Lesotho.Related ...