France, July 12 -- Lesotho's reliance on the United States has left the country on the brink of disaster following the Trump administration's decision to cut off aid. Its manufacturing sector too is under threat, thanks to uncertainty around the renewal of theAfrican Growth and Opportunity Act.
Lesotho has declared a national state of disaster for the next two years, amid the fallout from tariffs and aid cuts imposed by the US.
With unemployment already around 30 percent, the government is warning of an additional 40,000 job losses in the textile sector if the US African Growth and Opportunity Act (AGOA) is not renewed by the end of September.
AGOA gave preferential access for African goods to the US markets, under certain conditions. ...
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