Lesotho (pronounced ,li-su-tu0 is a small African nature that President Trump&nbsp;&nbsp;threatened with 50% tariffs, describing as a country nobody had ever heard of.&nbsp;Maybe that’s enough for his disciples to dismiss the hardship tariffs will place on the country, where youth unemployment is rife and the minimum wage is US$100 per month. Phil says twenty years ago America was trying to help countries like Lesotho, with tariff free trade to help the economy grow.&nbsp;Why? Because as Steve points out, if developing countries grow, they will buy more American goods.&nbsp;Cut their trade off at source and people suffer. Or Lesotho, and other developing nations, develop closer ties with China and expedites its path to being the largest economy in the world.<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

Lessons from Lesotho on trade and alliances

Debunking Economics - the podcast

AI Chapters

AI Insights

Reviews