The UK faces an influx of cheap foreign goods - but a short-term boon for consumers could spell long-term danger for British businesses

Lesotho was slapped with the White House's highest tariff rates in the list released by US President Donald Trump on Wednesday. Americans bringing goods in from the small southern African country will have to pay an additional 50% import tax.

A 50% reciprocal trade tariff on Lesotho, the highest levy on U.S. President Donald Trump's long list of target economies, will kill the tiny Southern African kingdom that Trump ridiculed last month,