-
Warriors forward Green details LeBron recruiting pitch
-
US strikes Iran as Gulf states targeted in flareup over Hormuz
-
Massive fire in Bangkok bar kills at least 27
-
'Final before final': France face Spain in World Cup blockbuster
-
Zverev vows to chase down Wimbledon champion Sinner in trophy charge
-
England's Ecclestone glad to get 'one-up' on brother with five-wicket Lord's haul
-
Five classic France v Spain clashes before World Cup semi-final
-
Major fire rages in Fontainebleau forest near Paris
-
World Cup gets set for pair of blockbuster semi-finals
-
Sinner enjoying 'very rare' Wimbledon triumph
-
Venezuela quake death toll rises to 4,490
-
England open door to Flower return after McCullum axed as Test coach
-
McGregor says knee fine before first-kick injury, vows return
-
South Korea's Tom Kim wins Scottish Open to end three-year title drought
-
Hundred heroine Bhatia says its's 'unbelievable' to be on Lord's honours board
-
'It's amazing': Sinner revels in Wimbledon glory after Zverev battle
-
Irrepressible Sinner outlasts Zverev to win second straight Wimbledon title
-
Fresh attacks hit Iran, Kuwait as Tehran and US square off over Hormuz
-
Ryu defeats Henderson in play-off to win back-to-back majors in Evian
-
Argentina football great Rattin dies at 89
-
Spain ex-PM draws criticism with 'xenophobic' remark on French team
-
Argentina great Rattin dies at 89
-
Israel elections to be held on October 27: parliament
-
Bellingham drags England into World Cup semis but Tuchel demands more
-
Zelensky orders new PM in major government reshuffle
-
Pogacar calls for cycling calendar overhaul due to heatwave
-
Van der Poel stays calm in the heat to win Tour de France stage nine
-
Van der Poel wins shortened Tour de France ninth stage
-
Iran declares Hormuz strait closed, US military insists traffic flowing
-
McCullum sacked as England Test coach but retains white-ball role
-
Marc Marquez cruises to Germany MotoGP victory, enters title race
-
Bhatia first woman to score Lord's Test century as India run riot
-
Mladenovic and Guo win Wimbledon women's doubles title
-
'Insane heat': Durbridge calls for earlier Tour de France starts
-
McCullum stands down as England Test cricket coach
-
McCullum stand downs as England Test cricket coach
-
Marc Marquez cruises to Germany MotoGP Grand Prix victory
-
India's Bhatia becomes first woman to score Lord's Test century
-
Ukraine's Zelensky orders government reshuffle, new PM
-
India's Bhatia in sight of becoming first woman to score Lord's Test century
-
Iran, US trade more strikes as fighting escalates
-
Нуша Аубель і Потсдам: довіра втрачена
-
Noosha Aubel and Potsdam: The trust placed in her has been squandered
-
努莎·奧貝爾與波茨坦:先前的信任已蕩然無存
-
US senator and Trump ally Lindsey Graham dies aged 71
-
Evacuees allowed to return home after deadly wildfire in Spain stabilises
-
US-Iran strikes: latest developments
-
Senegal part ways with coach Thiaw after World Cup exit
-
South Korea issues first emergency heatwave warning under new rating system
-
McGregor 'destroyed' in 69 seconds on UFC return from five-year layoff
Lesotho hardest hit as new US tariffs rattle Africa
The small African kingdom of Lesotho feared the worst for its textile industry Thursday after US President Donald Trump imposed 50-percent tariffs on its imports, the highest for a single nation.
Other African countries hit with Trump's "reciprocal tariffs" above the new baseline rate of 10 percent include Madagascar (47 percent), Mauritius (40 percent), Botswana (37 percent), Equatorial Guinea (30 percent) and South Africa (30 percent).
But the mountain kingdom, which the US administration says is among "the worst offenders" with high tariffs on US imports, will be particularly hard hit as it is reliant on exports of mostly textiles, including jeans.
While its government did not immediately react to the new tariffs, Lesotho Private Sector Foundation CEO Thabo Qhesi told AFP Thursday they meant that "the textile and apparel industry is going to die."
The clothing industry is the largest employer in the tiny kingdom of around 2.3 million people, providing more than 35,000 workers, according to official data.
"Before the introduction of the reciprocal tariffs, investors enjoyed exporting goods to the US market duty-free," Qhesi said.
"With the introduction of the 50-percent tariffs, Lesotho is no longer going to be lucrative for investors," he said, adding the transport, retail and residential property sectors would also suffer.
At 47 percent, the tariffs are also high for Madagascar, which said Thursday it had approached the US embassy to "seek clarification and explore possibilities for adjusting these new tariff barriers".
The government will "mobilise all diplomatic and commercial levers to obtain a review of these measures", it said.
South African President Cyril Ramaphosa said Thursday the tariffs were "a barrier to trade and shared prosperity".
They underscore the urgent need for "a new bilateral and mutually beneficial trade agreement", he said. The United States is South Africa's second-largest trading partner.
The country's automotive sector will be among the hardest hit, with separate tariffs of 25 percent on foreign-made cars going into effect shortly after Trump's late Wednesday proclamation.
Motor vehicles account for 22 percent of South Africa's exports to the United States, worth $1.88 billion, according to government statistics.
- Diversifying trade -
South African Minister of Trade Parks Tau said the new global trade war would affect poorer countries most and "literally devastate" Lesotho.
"We now have to look amongst ourselves and say, within the customs union in Southern Africa, within the Southern African Development Community, and within the region of Africa, how we're going to respond to these issues," he told journalists.
"Diversifying our trade is going to be important... enhancing our work on the African continent and collaborating," he said.
The new US tariffs will be "disruptive of global value chains, invite retaliation, ignite inflation, dampen world economic growth and prompt repricing of risks in financial markets", said South Africa-based economics professor Raymond Parsons.
South Africa "must see what trade adjustments might be made to win concessions to ameliorate the situation", Parsons said, adding Pretoria should "prudently seize the moment" to find alternative trading partners.
However, "everybody is going to look for new trading partners," said South African economist Dawie Roodt. "Of course, we must try. But it's going to be tough."
F.Müller--BTB