Trump imposes 50% tariff on Africa’s Lesotho, the highest among nations | Donald Trump News

by Press Room


The move deals a harsh blow to the small, impoverished state, which Trump mocked as a place ‘nobody has heard of’.

The Trump administration has imposed a steep 50 percent tariff on Lesotho, a small, impoverished African nation of two million people – the highest tariff levied on any country.

The measure delivers a severe blow to Lesotho’s economy, which relies heavily on exports for its modest $2bn gross domestic product (GDP).

United States President Donald Trump, who mocked Lesotho last month as a country “nobody has ever heard of”, announced it as part of a sweeping set of



Source link

Related Posts