Lesotho Aims for 10% Tariff On Exports to U.S.

Government relieved by reduction from threatened 50% to 15%

The Lesotho government has committed to continue with negotiations to further reduce tariffs on its exports to the US. This comes after the United States revised its crippling 50% tariff on all Lesotho exports down to 15%, effective from 7 August.

“While we had negotiated the revision to at least 10% which was applied to all countries, this rate [15%] will ease the burden to our exporters, particularly the textile and apparel industry,”…