Lesotho, who made fun in March as a country for which “no one has ever heard”, is a poor country without a sea exit with a gross domestic product of just over two billion dollars.
It has a large trade surplus with the United States, mainly due to diamonds and textiles, including Levi’s jeans.
Exports of Lesota to the United States, which is 2024. amounted to a total of $ 237 million, it makes up more than 10 percent of GDP, the Oxford Economics.
Trump imposed a comprehensive new reciprocal customs on the Wednesday to global trade partners, reversing the decades of trade-based trade and threatening increasing costs for consumers, writes the morning.
Trump said that “reciprocal” customs response to customs and other non-tariff barriers were placed on American goods. Lesotho charges customs from 99 percent on American goods, towards American administration.
In Africa, this move marked the end of the Agoa’s Trade Agreement (African Growth and Opportunity Act) to help develop African economies through privileged access to the US markets, trade experts said.
It has also exacerbated the situation after the Trump Administration has disbanded USAID, government agency that was the main supplier of the continent help.
The Government of Lesoth, mountainous countries of about two million people surrounded by the South African Republic, did not comment on trade duties on Thursday.
But her foreign minister told Reuters last month that a country, which has one of the highest hive rate in the world, feels the impact of reducing assistance because the health sector relied on them.
(Vijesti.ba)
