Trump tariffs deliver shock ‘wake-up call’ to a world denim hub

That’s how the historic pivot in “We are still in negotiations with the US government on a further reduction, maybe to 10% or to zero — where we were before,” Prime Minister Sam Matekane said in an interview with Bloomberg Television’s Wall Street Week. “The introduction of the tariffs have put us in a disadvantaged position” because businesses can relocate to countries where levies are lower, he said.Textiles is the biggest industry in Lesotho, a country of about 2.3 million people. Those businesses emplo ...