African businesses are on tenterhooks as they wait to see if the African Growth and Opportunity Act - a trade initiative aimed at sub-Saharan Africa - will be renewed before it expires on Tuesday. The White House says President Trump supports it but the clock is ticking.
Breakdown
- A textile factory in Lesotho closed after US tariffs reduced exports.
- AGOA provides duty-free US market access for 32 Sub-Saharan African countries but is set to expire. 18s
- President Trump supports a one-year renewal of AGOA, but no extension is agreed yet. 31s
- Expiration of AGOA could put hundreds of thousands of African jobs at risk and impact US companies. 40s
- Renewal of AGOA is likely only if attached to a US government funding bill. 54s