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#lesotho

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#StarLink #SpaceNazis #Lesotho #Africa

The headline reads, "Starlink gets 10-year satellite internet licence in Lesotho" and the blurb shouts: "The approval follows a comprehensive regulatory review process..."

Com-pre-hensive people! There's no way a giant Bitcoin didn't plop into someone's wallet..

Yeah. Pull the other one. Oh, what's that? I don't have another one? Bugger, it's because they're all being pulled.

Groan.

#Trump & #Tariffs :
Last Week Tonight with John Oliver (HBO)

28 minutes analysis of what looked like a trade strategy on first impression,
with the hilarious example of #lesotho.

Very funny to see that #foxnews, #breitbard and #oann celebrate the announced policy.

Their viewers might still not understand, that tariffs function like a kind of #tax and are paid by us citizens.

#humor #wrecking #economy #usa #tax #lastweektonight

youtu.be/5zQ0WewZY50?si=bv0AkE

The most remarkable thing about the #tariff pause: It isn’t really a pause at all. Even as Trump called off the eye-popping “reciprocal tariffs”—such as a 46% tariff on #Vietnam, and 50% on the tiny landlocked #African country of #Lesotho—he still kept a 10% minimum tariff on nearly every country on the planet, and announced that he would raise tariffs on #China to 125%.

#TradeWar

theatlantic.com/economy/archiv

The Atlantic · The Tariff Damage That Can’t Be UndoneBy Rogé Karma
Continued thread

If Trump wanted to make the American #garment factory competitive, he would need to slap a 230% #tariff on #Lesotho. Let's assume for a moment that he does that. Let's also assume that all players (US factory, US brand and Walmart) all cut their margins in half to keep the eventual price as low as they can.

Factory sells to brand for $35
Brand sells to Walmart $40
Walmart sells it to you for $45

The price you pay just shot up from $20 to $45 a pair.

5/n

How #tariffs (don't) work: a thread

You have probably seen news stories about #Lesotho, the small impoverished landlocked African country that Trump has targeted with 50% tariffs. It mostly exports denim jeans to the US.

Let us first look at #apparel economics before tariffs.

To make a pair of jeans, the #garment factory in Lesotho spends:
$3 in labor
+ $3 in raw materials (fabric, buttons, zipper, etc.), and
+ $3 to cover fixed costs (building, machinery, utilities, etc.)
= $9

1/n

Pays le plus durement frappé au monde par les nouveaux tarifs douaniers annoncés par Donald Trump, le Lesotho a annoncé l'envoi "en urgence" d'une délégation aux États-Unis pour plaider sa cause. Une urgence vitale pour le petit royaume d'Afrique australe dont l'économie repose essentiellement sur ses exportations de textile et de diamants.#Afrique #Lesotho #DonaldTrump #Guerrecommerciale #États-Unis #Pourallerplusloin
Droits de douane de Trump : le Lesotho et son industrie textile redoutent un désastre
FRANCE 24 · Droits de douane de Trump : le Lesotho et son industrie textile redoutent un désastreBy Grégoire SAUVAGE