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17.04.25 - 10:01
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Trump′s Harsh Tariff Sparks Lesotho Liquidity Fears (Bloomberg)
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Lesotho is at risk of a liquidity crisis if US President Donald Trump follows through on plans to impose a 50% levy on imports from the tiny southern African mountain kingdom. Trade Minister Mokhethi Shelile told Bloomberg's Jennifer Zabasajja that negotiations are ongoing. (Source: Bloomberg)...
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04.04.25 - 14:30
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′Only job I know′: tiny Lesotho′s garment workers reel from Trump′s tariffs (The Guardian)
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Impoverished African country is hit with highest tariff rate at 50%, overturning decades of global trade policyThe day after Donald Trump announced sweeping global tariffs, Lesotho's garment workers feared for their jobs.Last year, Lesotho sent about 20% of its $1.1bn (£845m) of exports to the US, most of it clothing, as well as diamonds, under a continent-wide trade agreement meant to help African countries' development via tariff-free exports. Continue reading......
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