April 14, 2025
President Donald Trump has announced extensive new tariffs on approximately 60 nations, including a record 50% reciprocal tariff on Lesotho, citing trade imbalances that disadvantage American manufacturers. The White House justified the steep penalty on Lesotho by pointing to its 99% tariff on U.S. goods and $264 million trade surplus, despite importing only $8 million in American goods in 2022. These tariffs effectively signal the premature end of the African Growth and Opportunity Act (AGOA), which had allowed duty-free access to U.S. markets for many African exports before its scheduled expiration in September.
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Read full article from source: The San Diego Voice & Viewpoint