U.S. tariffs deal heavy blow to Lesotho’s textile industry, leaving thousands jobless - Africa Sustainability Matters

U.S. tariffs deal heavy blow to Lesotho’s textile industry, leaving thousands jobless - Africa Sustainability Matters

A sweeping U.S. tariff policy announced in April has plunged Lesotho’s vital textile industry into crisis, leaving thousands jobless and threatening the economic stability of one of Africa’s smallest and most vulnerable economies. The new policy, introduced by U.S. President Donald Trump under the banner of “reciprocal tariffs,” imposed levies of up to 50 percent on imports from all trade partners, citing concerns over trade imbalances. For Leso…