US EditionTiny African kingdom of Lesotho slapped with highest tariff in the world
- President Trump imposed tariffs on several African nations, effective shortly after a late Wednesday proclamation.
- The US administration stated that these tariffs were "reciprocal tariffs" in response to unfair trade practices.
- Lesotho, a small African kingdom reliant on textile exports, received the highest tariff at 50 percent.
- Thabo Qhesi stated, "With the introduction of the 50-percent tariffs, Lesotho is no longer going to be lucrative for investors."
- Economists suggest these tariffs signal a move away from open trade policies and may disrupt global value chains.
58 Articles
58 Articles
Watauga Democrat
Lesotho, Africa's 'kingdom in the sky' jolted by Trump
US President Donald Trump in March ridiculed Lesotho as a place "nobody has ever heard of" and then this week hit the tiny African kingdom with the highest of his reciprocal trade tariffs for any single nation.
BlackPressUSA
The Washington InformerTrump Slaps Highest Tariff Yet on Small African Nation
By Stacy M. Brown BlackPressUSA.com Senior National Correspondent President Donald Trump has announced sweeping new tariffs on dozens of nations, including a record-setting 50% reciprocal tariff on the tiny southern African mountain kingdom of Lesotho — the highest levy imposed on any sovereign country by the United States. Trump’s move targets at least 60 countries with duties starting at 10%, with Lesotho and other African nations bearing some…
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