Lesotho Prepares Delegation to Address U.S. Tariffs Threatening Its Economy
The African nation faces a 50% tariff on exports to the U.S., jeopardizing its garment industry and prompting urgent diplomatic efforts.
- The U.S. has imposed a 50% tariff on Lesotho's exports, the highest rate among targeted nations, set to take effect on April 9, 2025.
- Lesotho's government is finalizing plans to send a high-level delegation to Washington on April 12 to negotiate the removal or reduction of the tariffs.
- The tariffs threaten Lesotho's garment industry, which employs 12,000 workers and contributes significantly to the nation's economy.
- Lesotho is also accelerating efforts to diversify its trade relationships, focusing on the European Union and the Africa Continental Free Trade Area.
- The tariffs coincide with uncertainty over the renewal of the African Growth and Opportunity Act (AGOA), further endangering Lesotho's economic stability.