If you’ve ever purchased jeans from well-known American brands such as Levi’s or Wrangler, it’s likely that they were produced in Lesotho, a small nation in southern Africa.
The textile industry is vital to Lesotho’s economy, providing jobs for approximately 12,000 individuals and sending around 75% of its products to the United States.
However, this situation may change following the 50% tariff imposed by U.S. President Donald Trump on imports from Lesotho.
Trump claims that Lesotho imposes a 99% tariff on American goods, a figure that the Lesotho government disputes, stating they are unaware of how the U.S. arrived at that number.
Not exactly no reason. All eggs in one basket is a disaster waiting to happen even if the basket isn’t a single corporation or USA.