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In a surprise that echoed across global markets, U.S. President Donald Trump on April 2, 2025, announced levying higher tariffs on many African countries with Lesotho being one of the ones affected by a whopping 50%. This was part of a broader game plan to establish a standard rate of 10% tariff on all imports as well as to introduce additional “reciprocal tariffs” against those countries which it considers involving unfair trade practices.

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Asia-Pacific markets plunged dramatically on Thursday following President Donald Trump's announcement of hefty reciprocal tariffs targeting over 180 countries and territories. The sweeping trade action has sent shockwaves through global financial markets, with particularly severe impacts across Asia.

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Crowds protesting billionaire Elon Musk’s purge of the U.S. government under President Donald Trump began amassing outside Tesla dealerships throughout the U.S. and in some cities in Europe on Saturday in the latest attempt to dent the fortune of the world’s richest man.

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Tesla sales continued to decline in many European markets throughout March, suffering from the combined effects of boycotts related to Elon Musk's policies and an aging model lineup.

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The fate of TikTok in the United States remains uncertain as President Donald Trump signals a willingness to reduce tariffs on China in exchange for a deal on the platform's ownership. ByteDance, TikTok's Chinese parent company, faces an April 5 deadline to sell the app to a non-Chinese buyer or risk a ban under U.S. law.

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