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Fashion Network
30-06-2025
- Business
- Fashion Network
US tariff pause brings little cheer to Lesotho's textile industry
A temporary pause on US tariffs has brought little relief to Lesotho's textile industry, which has suffered layoffs and shuttered factories after orders from America dried up. 'It's very, very dire,' Lesotho's Trade Minister Mokhethi Shelile, said in an interview Monday. 'US buyers are not placing orders because they don't understand what is going to happen and there is still no clarity from the USTR,' Shelile said, referring to the Office of the US Trade Representative. US President Donald Trump slapped 50% tariffs on Lesotho in early April — the highest in the world — when he unveiled sweeping reciprocal levies on trading partners. These were subsequently delayed until July 9 and could now be reimposed on nations who have not negotiated new deals. The southern African mountain kingdom's biggest industry is textiles and the US is its largest export market. It employs 12,000 people and supports 40,000 indirect jobs, selling clothes to US retailers such as Walmart Inc. and JCPenney. Last year exports from to the US totaled $237.3 million — about 11% of the nation's $2.12 billion gross domestic product — while American imports from the country stood at $2.8 million, according to the USTR. Lesotho has held talks with the US to reduce the tariff, according to Shelile. 'We submitted our second tariff offer that addressed issues which they wanted us to address specifically,' he added. 'We are waiting to be informed.' The USTR didn't immediately respond to an emailed request for comment. Maseru E-Textile Ltd. is one of the factories that's been impacted by reduced orders. About 90% or 1,000 workers are at home, said human resources manager Sebinane Maretlane. They face an uncertain future if no progress is made in trade negotiations between Washington and Maseru, he said. 'We are waiting to hear from government on what is the outcome of the meetings.' At least three other factories have also scaled back operations and furloughed workers, according to Tsepang Makakole, the general secretary of National Clothing Textile and Allied Workers Union, which has 2,000 members. 'Workers are now being sent home and told the layoffs are for three months,' said Makakole. Sign up here for the twice-weekly Next Apple, Spotify or anywhere you listen.
Fashion Network
30-06-2025
- Business
- Fashion Network
US tariff pause brings little cheer to Lesotho's textile industry
A temporary pause on US tariffs has brought little relief to Lesotho's textile industry, which has suffered layoffs and shuttered factories after orders from America dried up. 'It's very, very dire,' Lesotho's Trade Minister Mokhethi Shelile, said in an interview Monday. 'US buyers are not placing orders because they don't understand what is going to happen and there is still no clarity from the USTR,' Shelile said, referring to the Office of the US Trade Representative. US President Donald Trump slapped 50% tariffs on Lesotho in early April — the highest in the world — when he unveiled sweeping reciprocal levies on trading partners. These were subsequently delayed until July 9 and could now be reimposed on nations who have not negotiated new deals. The southern African mountain kingdom's biggest industry is textiles and the US is its largest export market. It employs 12,000 people and supports 40,000 indirect jobs, selling clothes to US retailers such as Walmart Inc. and JCPenney. Last year exports from to the US totaled $237.3 million — about 11% of the nation's $2.12 billion gross domestic product — while American imports from the country stood at $2.8 million, according to the USTR. Lesotho has held talks with the US to reduce the tariff, according to Shelile. 'We submitted our second tariff offer that addressed issues which they wanted us to address specifically,' he added. 'We are waiting to be informed.' The USTR didn't immediately respond to an emailed request for comment. Maseru E-Textile Ltd. is one of the factories that's been impacted by reduced orders. About 90% or 1,000 workers are at home, said human resources manager Sebinane Maretlane. They face an uncertain future if no progress is made in trade negotiations between Washington and Maseru, he said. 'We are waiting to hear from government on what is the outcome of the meetings.' At least three other factories have also scaled back operations and furloughed workers, according to Tsepang Makakole, the general secretary of National Clothing Textile and Allied Workers Union, which has 2,000 members. 'Workers are now being sent home and told the layoffs are for three months,' said Makakole. Sign up here for the twice-weekly Next Apple, Spotify or anywhere you listen.
Fashion Network
30-06-2025
- Business
- Fashion Network
US tariff pause brings little cheer to Lesotho's textile industry
A temporary pause on US tariffs has brought little relief to Lesotho's textile industry, which has suffered layoffs and shuttered factories after orders from America dried up. 'It's very, very dire,' Lesotho's Trade Minister Mokhethi Shelile, said in an interview Monday. 'US buyers are not placing orders because they don't understand what is going to happen and there is still no clarity from the USTR,' Shelile said, referring to the Office of the US Trade Representative. US President Donald Trump slapped 50% tariffs on Lesotho in early April — the highest in the world — when he unveiled sweeping reciprocal levies on trading partners. These were subsequently delayed until July 9 and could now be reimposed on nations who have not negotiated new deals. The southern African mountain kingdom's biggest industry is textiles and the US is its largest export market. It employs 12,000 people and supports 40,000 indirect jobs, selling clothes to US retailers such as Walmart Inc. and JCPenney. Last year exports from to the US totaled $237.3 million — about 11% of the nation's $2.12 billion gross domestic product — while American imports from the country stood at $2.8 million, according to the USTR. Lesotho has held talks with the US to reduce the tariff, according to Shelile. 'We submitted our second tariff offer that addressed issues which they wanted us to address specifically,' he added. 'We are waiting to be informed.' The USTR didn't immediately respond to an emailed request for comment. Maseru E-Textile Ltd. is one of the factories that's been impacted by reduced orders. About 90% or 1,000 workers are at home, said human resources manager Sebinane Maretlane. They face an uncertain future if no progress is made in trade negotiations between Washington and Maseru, he said. 'We are waiting to hear from government on what is the outcome of the meetings.' At least three other factories have also scaled back operations and furloughed workers, according to Tsepang Makakole, the general secretary of National Clothing Textile and Allied Workers Union, which has 2,000 members. 'Workers are now being sent home and told the layoffs are for three months,' said Makakole. Sign up here for the twice-weekly Next Apple, Spotify or anywhere you listen.
Yahoo
05-02-2025
- Entertainment
- Yahoo
Barbie Hsu reportedly visited multiple hospitals in Japan before tragic death; Singapore puts controls on race-based business groups: Singapore live news
Hello to all our readers, Yahoo Singapore will be bringing you live news updates today. The death at the age of just 48 of beloved Taiwanese celebrity Barbie Hsu has been a shock to many fans. More details, according to Taiwanese media, have surfaced around the final few days of the 'Meteor Garden' star. It was reported Hsu had already begun to feel unwell on 29 January and she had gone to at least three medical facilities during her holiday in Japan before finally being hospitalised on 1 February. She reportedly died the following day. Read more in our live blog below, including the latest local and international news and updates. Taiwanese media have attempted to shed more light on the events leading up to the tragic death of actress Barbie Hsu. The iconic star of TV series 'Meteor Garden' died at the age of 48 from a flu-related illness while holidaying in Japan with her family. Taiwan media outlets, including Next Apple and ET Today, claim Hsu had visited at least three different medical facilities before being hospitalised for her illness. It was reported she had first called for an ambulance on 29 January while in Hakone but her symptoms were not serious enough to require hospitalisation she returned to her hotel that day. On 1 February, now in Tokyo, it was claimed she still felt unwell and visited a 'small' hospital where she was then referred to a larger medical facility. Hsu reportedly was treated for her illness at the larger hospital but was not admitted. The 48-year-old's condition took a turn for the worse later that night and her family called for an ambulance to take her to hospital. The reports indicate she died on 2 February. Taiwanese media have attempted to shed more light on the events leading up to the tragic death of actress Barbie Hsu. The iconic star of TV series 'Meteor Garden' died at the age of 48 from a flu-related illness while holidaying in Japan with her family. Taiwan media outlets, including Next Apple and ET Today, claim Hsu had visited at least three different medical facilities before being hospitalised for her illness. It was reported she had first called for an ambulance on 29 January while in Hakone but her symptoms were not serious enough to require hospitalisation she returned to her hotel that day. On 1 February, now in Tokyo, it was claimed she still felt unwell and visited a 'small' hospital where she was then referred to a larger medical facility. Hsu reportedly was treated for her illness at the larger hospital but was not admitted. The 48-year-old's condition took a turn for the worse later that night and her family called for an ambulance to take her to hospital. The reports indicate she died on 2 February.
