Tariff jolt
Lesotho's textile industry faces massive closures amid US levies
Updated: 2025-08-08 09:47
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Mokhethi Shelile, Lesotho minister of trade, industry, business development and tourism, described Lesotho as a "very minuscule economy". He said the trade deficit that exists between Lesotho and the US is a "natural trade deficit" that can happen when there are disparities between two economies. "It cannot be breached and certainly cannot be breached by imposing tariffs," Shelile said.
