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Skip next section WATCH: Lesotho trade minister tells DW 50% tariffs ‘not based on facts’
April 4, 2025
WATCH: Lesotho trade minister tells DW 50% tariffs ‘not based on facts’
In an interview with DW, Lesotho’s minister for trade, industry and business development, Mokhethi Shelile, said the 50% rate imposed by the US had not been arrived at based on “facts on the ground.”
He also told DW that the tariffs would have a major impact on Lesotho’s economy, saying: “We have in total about 11 factories that are supplying the American market … And those companies in total, they employ more than 12,000 people … which represent about 42% of their total employment in the textile industry in this country.”
https://p.dw.com/p/4sgou
Skip next section Japan’s PM Ishiba says Trump tariffs are a ‘national crisis’
April 4, 2025
Japan’s PM Ishiba says Trump tariffs are a ‘national crisis’
Japan is one of the US’ major trade partners as well as a historically important ally in the Pacific region, however, this was not enough to spare it from Trump’s “Liberation Day” tariff announcement on Thursday.
Watching the fallout on Friday, which included the key Nikkei 225 stock market index falling more than three points, Japanese Prime Minister Shigeru Ishiba described the tariffs as a “national crisis.”
https://p.dw.com/p/4sgZO
Skip next section Watch: Trump’s auto tariffs deal a blow to German carmakers.
April 4, 2025
Watch: Trump’s auto tariffs deal a blow to German carmakers
https://p.dw.com/p/4sgTg
Skip next section China announces 34% reciprocal tariffs.
April 4, 2025
China announces 34% reciprocal tariffs
The levies are set to come into effect on April 10.
US President Donald Trump announced a minimum of 10% on all imports into the United States on Thursday, but a custom rate was imposed on those countries Trump said were the worst offenders for trade imbalances with the US.
https://p.dw.com/p/4sgUh
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Skip next section Welcome to our coverage.
April 4, 2025
Welcome to our coverage
The new levies on imports into the world’s biggest economy have already sent shockwaves, hitting global stock markets, including in the US itself.
Responses to the tariffs have included announcements of counter-tariffs as well as attempts to seek leniency from the White House.
https://p.dw.com/p/4sgTY