Trump’s Harsh Tariff Sparks Fear of Liquidity Crisis in Lesotho

Lesotho is at risk of a liquidity crisis if US President Donald Trump follows through on plans to impose a 50% levy on imports from the tiny southern African mountain kingdom, its trade minister warned.

Trump announced this month he’ll apply tariffs of at least 10% on most goods coming into America, with even higher duties on some 60 nations, to counter trade imbalances. Lesotho was hit with the highest levies on the continent before Trump paused the additional duties for 90 days.

Should the higher tariff regime be implemented, it will place 12,000 direct jobs ...