Lesotho's modified tariff rate of 15% may still not be enough to save its textiles industry, its trade minister said on Friday, a day after U.S. President Donald Trump lowered it from a devastating 50% rate he had threatened to implement earlier.

Lesotho's U.S. export tariff has been reduced from a threatened 50% to 15%, but its textile industry still faces challenges.

Relief for Lesotho after US President Donald Trump announced he was cutting its tariff rate to 15 percent – down from the 50 percent he threatened in April. But a lot of damage has already been done and even if US buyers return,