Audio By Carbonatix
The small African country Lesotho received a modified tariff rate of 15% Thursday from U.S. President Donald Trump as the nation continued to reel from high tariffs the administration had threatened to implement earlier this year.
In an executive order, Trump modified reciprocal tariff rates for dozens of countries, including Lesotho, which had been under threat of a 50% rate since April, the highest of any U.S. trading partner.
The Trump administration defended its tariff rate on the mountain kingdom in Southern Africa as reciprocal, stating that Lesotho charged 99% tariffs on U.S. goods.
Lesotho officials have said they do not know how the White House arrived at that figure.
After announcing the barrage of reciprocal tariffs in April, the administration paused implementation to give countries time to negotiate.
Under the tariff threat and uncertainty, many U.S. importers canceled orders of Lesotho-produced textiles, leading to mass layoffs.
"If we still have these high tariffs, it means we must forget about producing for the U.S. and go as fast as we can ... (looking for) other available markets," Teboho Kobeli, owner of Afri-Expo, which makes jeans for export, told Reuters earlier this year.
Latest Stories
-
Kingsford Boakye-Yiadom nets first league goal for Everton U21 in Premier League 2
53 minutes -
We Condemn Publicly. We Download Privately — A Ghanaian Digital Dilemma
3 hours -
Renaming KIA to Accra International Airport key to reviving national airline – Transport Minister
4 hours -
Interior Minister urges public not to share images of Burkina Faso attack victims
4 hours -
Unknown persons desecrate graves at Asante Mampong cemetery
4 hours -
I will tour cocoa-growing areas to explain new price – Eric Opoku
4 hours -
Ghana to host high-level national consultative on use of explosive weapons in populated areas
4 hours -
Daily Insight for CEOs: Leadership Communication and Alignment
4 hours -
Ace Ankomah writes: Let’s coffee our cocoa: My Sunday morning musings
4 hours -
Real income of cocoa farmers has improved – Agriculture Minister
4 hours -
I’ll tour cocoa-growing areas to explain new price – Eric Opoku
4 hours -
Titao attack should be wake-up call for Ghana’s security architecture – Samuel Jinapor
4 hours -
New Juaben South MP Okyere Baafi condemns Burkina Faso attack, demands probe into government response
5 hours -
A/R: Unknown assailants desecrate graves at Asante Mampong cemetery
5 hours -
What is wrong with us: Africans know mining, but do not understand the business and consequences of mining
5 hours
