President Trump’s most recent levies are hitting some of the world’s poorest nations the hardest The 50% trade tariff on Lesotho, the highest levy on Trump’s list, could kill entire industries in the country, Thabo Qhesi, an independent economic analyst,tells Reuters www.nbcnews.com/business/eco... - ThreadSky

peterstefanovic.bsky.social • 2 days ago

President Trump’s most recent levies are hitting some of the world’s poorest nations the hardest

The 50% trade tariff on Lesotho, the highest levy on Trump’s list, could kill entire industries in the country, Thabo Qhesi, an independent economic analyst,tells Reuters
https://www.nbcnews.com/business/economy/trumps-highest-tariff-will-kill-tiny-african-kingdom-lesotho-economist-rcna199573

Comments

himself132.bsky.social•2 days ago

It's hard to tell whether Trump's entourage is simply evil, or just as deeply stupid as the man himself.

trainman2.bsky.social•2 days ago

Agreed

cretophile.bsky.social•1 day ago

Let's just record their names should it be needed

fearonika.bsky.social•2 days ago

International racism. When you can’t fuck over Black citizens enough to feed your base.

duerpress.com•2 days ago

That day in 2018 when Trump spoke to the General Assembly, and they all LAUGHED at him---I wonder if he focused in on a delegate from Lesotho and swore revenge. Or had some other encounter that wounded his ego.

Otherwise: they're black, I guess. That would be enough for him to want to harm them.

wokeellie.bsky.social•2 days ago

It's genocide. They've already withdrawn foreign aid. Diabolical.

jizer1888.bsky.social•2 days ago

What a horrible bastard of a human being! I can use the word man as he isn’t one!!

jimcashel.bsky.social•1 day ago

In addition, the Administration is unilaterally breaking the African Growth and Opportunity Act, a law passed by Congress in 2000 and currently in force.

https://en.wikipedia.org/wiki/African_Growth_and_Opportunity_Act

longitude0.bsky.social•1 day ago

"Lesotho's garment factories have made jeans for major American brands such as Levi's and Wrangler in recent years.

Clothes make up nearly three-quarters of what Lesotho exports to the US ...

The value of that US trade amounts to more than 10% of its total annual national income. " [Source: BBC]

juvix66.bsky.social•2 days ago

So he wants their minerals… Grrrrrr

sophebc.bsky.social•2 days ago

My thought too...

samkarma.bsky.social•2 days ago

Can we publicize things made in Lesotho? How can we help

4markowen.bsky.social•2 days ago

What I’ve not seen asked is who is going to police these tariffs in the US given they’re firing everyone they can at a federal level?

And beyond that since they’re not really bothered to adhere to the law.

donnagina.bsky.social•2 days ago

The cruelty is the point

8557farm.bsky.social•2 days ago

The Lord of the Flies WH. Entitled,rich ,cruel stupid boys running gov.

ka7ma.bsky.social•2 days ago

US elected the rapist felon Trump to see black and brown folk suffer.

rautayrtti.bsky.social•2 days ago

Shooting Trump ASAP is now a matter of global security, not only defending the US' democracy. Which American will have the courage to act? #AR15impeachmentNOW #MakeShootingFascistsGreatAgain

hoodyindy.bsky.social•2 days ago

Sir Scammer and his "Labour" Party won't even whisper one syllable against it. Why do you think that is, Peter?

iacovos.bsky.social•2 days ago

There you go. To Trump's US, black lives don't matter. Nor do brown lives

philcave.bsky.social•2 days ago

Didn’t USA move away from aid arguing that enabling trade with poor countries was a more effective and sustainable way of helping them help themselves?

jonnyfrogsplash.bsky.social•2 days ago

Is this all part of the master plan? Ruin the poorest countries on earth…and cause a mass-migration event (to Europe) to cause civil unrest and ultimately more far-right governance?

duerpress.com•2 days ago

It's the sort of master plan that would appeal to Stephen Miller, certainly.

mishalawless.bsky.social•2 days ago

Short answer: Yes, because Racism and Capitalism are kissing cousins.
Longer answer: oligarchs (predom white) see the mostly brown countries, continents as nothing more than expendable dumping grounds.

abogger.bsky.social•2 days ago

The worst tariffs on the poorest countries that are in either Asia or Africa...there wouldn't happen to be a tinge of racism there, I wonder 🤔 🤬

feralmama.bsky.social•2 days ago

Not in this case. He’s blatantly racist — that’s obvious. But his ignorance runs just as deep. If he hasn’t heard of it — ‘groceries’, Lesotho — it doesn’t exist. He has no grasp of the impact, and I doubt he’d care if he did.

rardeenus.bsky.social•2 days ago

He doesn’t have this as a planned strategy, he has no understanding of his actions. It’s a game show. He’s the seething carnival barker, the inadequate, dad-hating loser, trying to validate his own useless life. Just look at the image. It’s just performative economic nihilism.

mcopsey.bsky.social•2 days ago

All to make the richest country richer. Bastards

forukraine.bsky.social•1 day ago

Going down fast

darkbrandonsghost.bsky.social•2 days ago

In the SOTU address, Trump said it was a country no one ever heard of...but his boy Elon sure has
https://techcentral.co.za/rocky-road-licensing-starlink-in-lesotho/260483/

bureaucracybuster.bsky.social•2 days ago

VLADIMIR PUTIN: Hey, don't be so hard on My Donald for his tariffs. Look on the bright side: He HASN'T imposed them on Russia.

https://www.bbc.com/news/articles/cdjl3k1we8vo

wittering.bsky.social•2 days ago

Out of interest, what does Lesotho export to the US?

suzette.bsky.social•2 days ago

Diamonds and knit clothing, wool, Levi jeans..

wittering.bsky.social•2 days ago

Thank you. I didn't realise. Interesting then. I expect that pestilential Musk might have an interest there. Diamonds. The fucker

suzette.bsky.social•2 days ago

I’m going to guess that they sell a lot of diamonds to Belgium, but also to the US.. They only have about two million citizens and not a lot of resources. Why make their lives harder? 🥺

wittering.bsky.social•2 days ago

I know. It's just shit. But there will be a venal reason behind it, no doubt about that.

hedoban.bsky.social•2 days ago

There's no logic to it, the tariffs are based on a nonsense formula. Lesotho are given a high tariff basically because they are too poor to buy imported goods from the U.S.

katie-did.bsky.social•2 days ago

*after USAID programs were canceled in the area too. So they're left to suffer and die, and then stomped on and grounded further into the dirt under the boot of our country's absurd tariffs. We keep saying the cruelty is the point but it's that they ENJOY the cruelty that's the real point, isn't it.

thediff.bsky.social•2 days ago

So awful... inhuman 😔..

libpatriot.bsky.social•2 days ago

Well, we ALL know why he did that!!!🤬🤬🤬🤬

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