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Madagascar faces job losses as US tariff threatens textile sector, a key part of its economy.
Madagascar risks losing about 60,000 textile jobs due to a 47% tariff imposed by former US President Donald Trump.
The tariff impacts Madagascar's economy significantly because the textile sector employs around 180,000 people and contributes to one-fifth of the country's GDP.
In 2024, Madagascar exported $733 million worth of goods to the US under the African Growth and Opportunity Act, which granted duty-free access to US markets for many African goods.
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Madagascar se enfrenta a la pérdida de puestos de trabajo, ya que los aranceles estadounidenses amenazan al sector textil, una parte clave de su economía.