Lesotho races to stop U.S. tariffs

Reuters

Lesotho is rushing to negotiate with the U.S. over looming tariffs that could devastate its economy and cripple its key textile exports.

Lesotho scrambled to assemble a delegation to travel to Washington for talks with the United States over tariffs that threaten to wipe out nearly half of its exports, officials said, warning of a potential death blow to its economy.

U.S. President Donald Trump imposed tariffs on America’s global trading partners, disrupting decades of rules-based trade that campaigners have long said is exceptionally favorable to rich countries like the United States.

The tariff rates, set to take effect on April 9, range from 10% to 50%. Lesotho faces the highest levy on Trump’s list of target economies, with a 50% tariff on its exports.

Lesotho's exports to the United States — mostly textiles for brands such as Levi's and Calvin Klein — totaled $237 million in 2024, accounting for more than a tenth of its GDP.

Surrounded by South African mountains, the kingdom of 2 million people is among the world’s poorest countries, with a GDP per capita of $916 in 2023, according to World Bank data.

Tags

Comments (0)

What is your opinion on this topic?

Leave the first comment