Maseru, Aug.01– United States (U.S) President Donald Trump on Thursday, July 31 signed an executive in which Lesotho has been pardoned of reciprocal tariffs from 50 percent to 15 percent.
President Trump set the following rates by region in his executive order on Thursday, titled “Further Modifying the Reciprocal Tariff Rates”:
Africa; Lesotho 15 %, Algeria 30%, Angola 15%, Botswana 15%, Cameroon 15%, Chad 15%, Ivory Coast 15%, Democratic Republic of the Congo 15%, Equatorial Guinea 15%, Ghana 15%, Guyana 15%, Libya 30%, Madagascar 15%, Malawi 15%, Mauritius 15%, Mozambique 15%, Namibia 15%, South Africa 30%,Tunisia 25%, Uganda 15%, Zambia 15% and Zimbabwe 15%.
Meanwhile Minister of Trade, Industry, Business Development and Tourism Mr. Mokhethi Shelile said this is good news because 50 percent was steep.
“This is good news to think that we come from 50 percent, ” he said.
He indicated that they have to work hard to get to zero percent. . . .
Ends/AT/ml
