Relief for Lesotho as US cuts tariff rate but the damage to its economy may have already been done

Africanews (in English)

Relief for Lesotho as US cuts tariff rate but the damage to its economy may have already been done  Relief for Lesotho after US President Donald Trump announced he was cutting its tariff rate to 15 percent – down from the 50 percent he threatened in April.  But a lot of damage has already been done and even if US buyers return, people could still be out of work.   READ MORE : http://www.africanews.com/2025/08/01/relief-for-lesotho-as-us-cuts-tariff-rate-but-the-damage-to-its-economy-may-have-already-b  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

Transcript

00:00Relief for Lesotho after U.S. President Donald Trump announced he was cutting its tariff rate to 15%,

00:06down from the 50% he threatened in April.

00:10But a lot of the damage has already been done.

00:13This factory made and exported sportswear to American stores,

00:17but when Trump announced the 50% tariff in April, business dried up and 1,300 employees were sent home.

00:24What happens next will depend on whether American buyers return.

00:28If they don't, the country's trade minister has suggested pivoting to the neighbouring South African market.

00:34But already facing 30% unemployment, last month the government declared a state of disaster.

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