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Lesotho Worried Trump Tariffs Could Crush Textile Industry

Maseru: There is fear and uncertainty in Lesotho over US President Donald Trump's proposed 50% tariffs despite their 90-day suspension. The levies could deal a major blow to the country's textile industry, which heavily depends on exports to the US. Thuso Khumalo reports from Maseru. According to TRTworld.com, the proposed tariffs have caused significant concern among Lesotho's textile manufacturers and workers. The sector, a critical part of the country's economy, relies heavily on its trade relationship with the United States. Many industry stakeholders fear that the increased tariffs could lead to a drastic reduction in orders from US companies, potentially resulting in factory closures and significant job losses. Lesotho's textile industry has long been supported by trade agreements that allow for favorable export conditions to the US. These agreements have been instrumental in boosting the economy and providing employment to thousands of citizens. However, the imposition of the proposed tariffs could u ndermine these benefits, leading to economic instability and increased unemployment. The 90-day suspension of the tariffs has provided a temporary reprieve, but industry leaders remain anxious about the future. They are calling for diplomatic efforts to resolve the issue and prevent the tariffs from being implemented. The potential impact of these tariffs on Lesotho's economy highlights the interconnectedness of global trade and the far-reaching effects of policy changes in major economies like the United States.