Assessing the Impact of U.S. Tariffs on Lesotho’s Economy
The sudden imposition of harsh U.S. tariffs on Lesotho threatens to destabilize one of Africa’s most trade-dependent economies. As one of the leading exporters of textiles to the American market, Lesotho now faces shrinking demand, job losses, and a growing fiscal gap. These tariffs, driven by shifting U.S. trade policies and protectionist rhetoric, could undo years of progress made under AGOA.