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[Current Events] | A Large Number of U.S. Customers Canceled Orders!

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In recent days, the eyes of the world have been locked on Trump's social media accounts, where he has dumped dozens of tax hike letters in quick succession, starting on the 7th.
Some countries have responded by canceling orders from a large number of United States customers, leading to job losses and high youth unemployment.
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100% tariffs on Russia
On the 14th of local time, President Donald Trump said he was so upset with Russia that he would impose 100% tariffs, CCTV News reported.
"We are very, very unhappy with (Russia). If we don't reach an agreement within 50 days, we will impose very severe tariffs. The tariffs will be about 100 percent." Trump went on to mention imposing secondary tariffs, but did not specify.
A White House official explained to media reporters later that Trump meant that if Russia and Ukraine did not reach an agreement within 50 days, the United States would impose 100 percent tariffs on Russia and secondary tariffs on countries that buy Russian oil. The official also did not elaborate on the secondary tariffs
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30% tax hike on EU, Mexico
Earlier, U.S. President Donald Trump also released a letter on the social media platform “real social” to Mexican President Zinbaum and European Commission President Von der Leyen, announcing that from August 1, 2025, the U.S. will impose tariffs of 30% on products exported to the U.S. from Mexico and the European Union, respectively.
Trump claimed that Mexico has failed to stop fentanyl, among other things, from entering the U.S. and has not done enough to cooperate with the U.S. in stopping illegal immigrants from entering the U.S.; and that the European Union's tariffs and non-tariff barriers to trade have led to the U.S. running a huge trade deficit with Europe, and that relations between the two sides are “far from mutually beneficial.”
On 14 local time, the European Commission said it would propose a new list of U.S. imports worth 72 billion euros (about 84 billion U.S. dollars), on which the European Union could impose additional counter tariffs if U.S.-European trade talks fail.
EU member state ministers reportedly met in Brussels on the 14th, where European Commission member responsible for trade and economic security, among other things, Shevchovic announced the proposal.
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Large number of U.S. customers canceled orders!
Last week, Lesotho declared a state of national disaster due to job losses and high youth unemployment in the country as a result of tariff uncertainty, Reuters reported.

In April this year, the United States announced so-called “reciprocal tariffs” of up to 50 per cent on Lesotho's exports. Although the tariffs are currently on hold, the United States has yet to announce the final tariff rates on Lesotho's imports.
But the mere anticipation of a 50 percent tariff caused many U.S. importers to cancel orders, which led to mass layoffs throughout Lesotho's textile and garment industry.


KOBELEY, LESOTHO GARMENT FACTORY OPERATOR: A lot of workers have already been laid off because I'm telling you that the 10 percent impact has already been felt, and you can see that there are still a number of workers here and that's because we're now focusing only on exporting to the South African market, and for Lesotho the high tariffs mean that we'll have to give up on the U.S. market.

Lesotho's textile and garment industry is the country's main export industry and is heavily dependent on the United States African Growth and Opportunity Act. The Act, which has been in place since 2000, is a trade preference policy for sub-Saharan African countries.


It allows eligible, rule-compliant African countries to enjoy duty-free treatment when exporting goods such as apparel and agricultural products to the United States. Data show that the textile and apparel industry provides about 40,000 jobs in Lesotho, a country with a total population of about 2.3 million people, accounting for about 90 percent of export manufacturing jobs.
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