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Lesotho declares two-year state of disaster amid U.S. tariff fallout

Africanews · Recent
Africanews
Africanews
Recent

Authorities now hope to attract new investment, diversify the economy, and seek international support to navigate what they call an unfolding economic emergency.

BreakdownGenerated by LeadStory AI
  • Lesotho declared a two-year national state of disaster due to rising unemployment.
  • The crisis follows the U.S. reinstating a 50% tariff on Lesotho goods. 6s
  • Lesotho's textile industry, a major employer, has been severely affected. 17s
  • Unemployment has reached 30%, with thousands losing jobs recently. 27s
  • The government aims to attract investment and seek international support. 39s
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