Sunday, August 3, 2025
  • Login
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
Advertisement
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
No Result
View All Result
Home US News

Few Options for Lesotho in Addressing Significant Tariffs

by bullnews
April 9, 2025
in US News
Reading Time: 2 mins read
0 0
0
Few Options for Lesotho in Addressing Significant Tariffs
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Ah, Lesotho. Yeah, so there’s this tiny enclave smack dab in the middle of South Africa, and wham! They’re hit super hard by these new tariffs, thanks to none other than our good friend Mr. Trump. Picture a room full of worried business owners in Lesotho, a teeny economy only worth a couple billion dollars. They’re scratching their heads, wondering what the heck to do now. Not a ton of wiggle room, honestly.

Trump slapped a massive 50% tariff on Lesotho cuz of some whack trade deficit issue. It’s like, really? You’re gonna do that to a country of just over 2 million people? I mean, the only other place facing this is some obscure French island near Canada… so yeah, it’s bizarre. All eyes are on the Lesotho government to see if they can pull a rabbit out of a hat or something.

I talked to Thabo Qhesi—well, not really ‘talked,’ more like got the gist of the vibe from him. The textile folks? They’re freaking out, ’cause they send 70% of their stuff to the U.S. And now, boom. Panic in Maseru. The factories mostly got set up by Chinese and Taiwanese firms who wanted a slice of that sweet A.G.O.A pie. Oh, and that’s the African Growth and Opportunity Act I’m talking about, which was supposed to make life easier but now feels like Santa took off his beard and—surprise!—no gifts this year.

So, Lesotho started cranking out jeans for Levi’s and Wrangler, right? Dozens of factories were tied to the U.S., and the country felt kinda optimistic. Here’s this landlocked country living its best life against industrialized South Africa and barely having to lean on that heavyweight neighbor anymore. Vibes were good until, well, tariffs came crashing the party early.

Mr. Shelile, the trade minister, seems to think there’s still hope. Talk about fighting for survival like it’s the last season of a TV show. Imagine being on the hook for 12,000 jobs—no pressure, right? But when your country’s sending almost half its goods to Uncle Sam (like diamonds and trout, btw), that tariff’s a real kick in the gut.

Now, folks in Lesotho don’t have the cash to splurge on U.S. goodies. Most can’t come close to American spending levels, so reducing the deficit ain’t exactly a walk in the park. The garment industry employs a whopping 36K folks, mainly women. If that industry collapses, it’s like watching a house of cards tumble—all those support jobs in transport and finance? Toast.

Solution? Maybe, kinda-sorta, somehow find new markets? Easier said than done, though. Shifting gears like that could take ages. But hey, here’s a curveball—Lesotho’s sending a whole delegation to the U.S. Gonna try and hash out a fresh bilateral deal. Maybe they’ll work some magic in Washington. Or not. Who knows? Stay tuned, ’cause if anything, this is raw, real life politics with a side of international trade drama.

Tags: AddressingLesothoOptionsSignificantTariffs
Previous Post

XAG/USD Surges Past $30 Amid US Dollar Decline Due to US-China Tariff Conflict

Next Post

Why Trump’s Tariffs Fall Short in Repairing the Flawed Fiat System

Similar Stories

Experts Reveal the Required Savings for Retirement in Florida

Experts Reveal the Required Savings for Retirement in Florida

August 3, 2025
Nintendo Increases Price of Original Switch for U.S. Customers

Nintendo Increases Price of Original Switch for U.S. Customers

August 1, 2025

Tesla’s Battery Shift Triggers ETF Rotation: A Boost for America, A Setback for China?

July 30, 2025

Figma Increases IPO Price Range to $30-$32 Per Share

July 28, 2025

Is the Meme-Stock Trading Frenzy Making a Comeback with Krispy Kreme and GoPro?

July 26, 2025

Nestlé Considers Selling Off Supplement Assets

July 24, 2025
Next Post
Why Trump’s Tariffs Fall Short in Repairing the Flawed Fiat System

Why Trump's Tariffs Fall Short in Repairing the Flawed Fiat System

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

November 22, 2024
The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

November 22, 2024
How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

May 7, 2025
8 Updates to CPF in 2025

8 Updates to CPF in 2025

December 15, 2024
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

0
Don’t Let Political Turmoil Distract from the Climate Crisis

Don’t Let Political Turmoil Distract from the Climate Crisis

0
Democrats Challenge Trump Policies with Resistance Tactics

Democrats Challenge Trump Policies with Resistance Tactics

0
The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

0
Bitcoin Analyst Highlights Bullish Outlook After Binance Volume Surge and Fed Liquidity Increase

Bitcoin Analyst Highlights Bullish Outlook After Binance Volume Surge and Fed Liquidity Increase

August 3, 2025
Experts Reveal the Required Savings for Retirement in Florida

Experts Reveal the Required Savings for Retirement in Florida

August 3, 2025
Companies Focus on Profit Over Public Safety

Companies Focus on Profit Over Public Safety

August 3, 2025
When Purchasing a Condo in Singapore Became a Matter of Chance

When Purchasing a Condo in Singapore Became a Matter of Chance

August 3, 2025
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News

Bullnews - Your Daily Source for Financial Insights, Stock Market Trends, Investment News, Cryptocurrancy News and More!

Categories

  • Alternative Investing
  • Crypto
  • ETFs
  • FX
  • Investing
  • Opinion
  • Personal Finance
  • Retirement
  • US News
  • World News

Site Map

  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Recent News

  • Bitcoin Analyst Highlights Bullish Outlook After Binance Volume Surge and Fed Liquidity Increase
  • Experts Reveal the Required Savings for Retirement in Florida
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2025 Bull News - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto

Copyright © 2025 Bull News - All Rights Reserved.