7 Articles
7 Articles
Lesotho puzzled by whopping U.S. tariff rate, which could decimate its economy
Lesotho scrambled to put together a delegation on Friday to head to Washington to engage with the United States on tariffs that risk wiping out nearly half of its exports, its trade minister said, in what could be a death blow to its economy.
‘Only job I know’: tiny Lesotho’s garment workers reel from Trump’s 50% tariffs
Impoverished African country is hit with highest tariff rate, overturning decades of global trade policyThe day after Donald Trump announced sweeping global tariffs, Lesotho’s garment workers feared for their jobs.Last year, Lesotho sent about 20% of its $1.1bn (£845m) of exports to the US, most of it clothing under a continent-wide trade agreement meant to help African countries’ development via tariff-free exports, as well as diamonds. Continu…
Trump pointed the finger at a country where the average wage is $11 a day. The crowd laughed
“They made a fortune with the United States of America,” the US President declared, as he imposed tariffs on some of the world’s poorest countries, in a move that could open the door for China.
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