South African products will face a 30% tariff from August 7, the only sub-Saharan nation singled out in this move by President Trump, reflecting strained US-South Africa relations. Despite attempts to negotiate a trade deal, including investments and imports, the US has halted aid, with Trump criticizing South Africa’s policies and claiming the tariffs will protect American jobs.
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Why Trump’s Tariffs Are Closing Factories in Lesotho
The video titled "Why Trump’s Tariffs Are Closing Factories in Lesotho" explores the impact of U.S. tariffs on local economies, particularly in Lesotho, highlighting how trade policies can lead to factory closures and job losses. Through insightful reporting, Times Video journalists shed light on the broader implications of political decisions on global manufacturing and economic stability. Want More Context? 🔎
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