A small landlocked country entirely surrounded by South Africa, discussed as receiving the highest US tariffs due to its trade deficit from blue jeans exports and limited purchasing power.
"Lesotho, the tiny dot in the middle of South Africa. Why is it getting the highest tariffs? Because it has the highest trade deficit with the US. Why does it have the highest trade deficit? Because its only economic activity other than subsistence farming and remittances is exporting blue jeans, and"