Lesotho declares two-year state of disaster amid US tariff fallout
Authorities now hope to attract new investment, diversify the economy, and seek international support to navigate what they call an unfolding economic emergency.
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00:01Los Angeles has declared a two-year national state of disaster in response to soaring unemployment,
00:06triggered by a sharp economic blow by the U.S. imposed tariffs.
00:11In April, U.S. President Donald Trump reinstated a 50% tariff on goods from Los Angeles,
00:17a move that has devastated the country's textile industry, one of its biggest employers.
00:22Deputy Prime Minister announced the emergency measure, noting the unemployment rate has now hit 30% with thousands losing their jobs in recent months.
00:34The state of disaster will remain in effect until June 30, 2027,
00:38allowing the government to take urgent action to cushion the economic shock and prevent further social fallout.
00:45Lesotho, a small landlocked nation surrounded by South Africa,
00:52has previously enjoyed duty-free access to U.S. markets on the trade agreements like AGOA.
