Lesotho textile factories face closure amid US tariff uncertainty

The 50-per cent US tariff rate on imports from Lesotho—under suspension now for three months—has started wreaking havoc on the country’s textile exports.
Over 5,000 jobs are hanging in balance, and Lesotho Precious Garments and its subsidiary, Maseru E-Textiles, are preparing to shut down operations.
US buyers have stopped orders, opting to wait for a definitive resolution.Read More