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Lesotho's trade minister said on Wednesday (24 September) that the U.S. plans to extend the African Growth and Opportunity Act (AGOA), which gives the continent preferential access to U.S. markets, by a year, after returning from a visit to Washington.
A slew of tariffs that U.S. President Donald Trump imposed on global trading partners on 4 April hit African countries hard. They were widely seen as the death knell for the quarter-century-old AGOA deal, putting millions of livelihoods at risk.
Lesotho initially got hit with the world's highest tariff of 50% on Trump's so-called 'Liberation Day' - ruinous for the tiny mountain kingdom's export-led development model, which was almost entirely dependent on textile factories selling jeans and T-shirts to the U.S.
Trump reduced it to 15% in August. A Lesotho trade delegation visited the U.S. from 15-19 September.
Minister of Trade, Industry and Business Development Mokhethi Shelile, who led the delegation, told a news conference late on Wednesday that they met U.S. officials.
"They all agreed that AGOA has to be extended and they promised us that by November or December [at] the latest, it will be extended by a year," Shelile said.
AGOA expires on 30 September and companies that benefit from it have warned that any delay in renewing it risked significant job losses and factory closures.
A spokesman for Democrats on the Senate Finance Committee said, "The Trump administration hasn't informed Finance Committee Democrats [of] its position on renewing AGOA. Ranking Member Wyden continues to support renewing the program."
Israel and Iran continued to exchange strikes on Friday (13 March), as the U.S. and French militaries reported deaths in Iraq, and the U.N. launched a $325 million appeal to help Lebanon, where a seventh of the population have left their homes since fighting began.
Israeli Prime Minister Benjamin Netanyahu issued veiled threats to Iran’s new Supreme Leader, Mojtaba Khamenei, and Hezbollah on Thursday (12 March), during his first press conference since the conflict with Iran began.
A long-running investigation has suggested that the street artist known as Banksy may be legally named David Jones. A report indicates that Jones was previously known as Robin Gunningham, a name long associated with Banksy, before legally changing his name several years ago.
A widening conflict involving Iran, the United States and Israel has triggered escalating military strikes across the Middle East, disrupted shipping through the strategic Strait of Hormuz and raised concerns over global energy supplies. This live report tracks the latest developments.
Ayman Ghazali, a 41-year-old U.S. citizen born in Lebanon, crashed his truck into the hallway of a Detroit-area synagogue on Thursday (12 March) while children attended preschool. Security personnel shot him dead during the confrontation, and authorities said no one else was seriously injured.
Kremlin spokesman Dmitry Peskov said on Saturday (14 March) that many countries are interested in purchasing Russian oil after the United States temporarily eased sanctions on certain exports.
An explosion lightly damaged a Jewish school in Amsterdam early on Saturday (14 March) in what the city’s mayor described as “a deliberate attack against the Jewish community.”
Ukrainian drones struck an oil refinery and a key port in Russia’s southern Krasnodar region overnight (13-14 March), local authorities said, causing injuries and damage. In separate action, Russian air attacks on Ukrainian territory killed and wounded civilians near Kyiv, officials reported.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13rd of March, covering the latest developments you need to know.
North Korea fired what appeared to be a ballistic missile on Saturday (14 March), Japanese and South Korean officials said. The development comes amid the joint annual U.S.-South Korea "Freedom Shield" military drills and South Korean Prime Minister Kim Min-seok's visit to Washington.
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