Nicaragua’s Opposition Media Welcome Trump’s New Tariffs – and Ignore How They Were Calculated

Photograph Source: The White House – Public Domain

Five countries in Central America, together with the Dominican Republic in the Caribbean, have a free trade agreement with Washington, but this didn’t protect them from the punitive tariffs announced on President Trump’s “Liberation Day.”

A minimum 10 per cent tariff on exports to the US will hit low-income countries throughout the region. But exports from Nicaragua have been saddled with an even higher tariff of 18 per cent. Delighted...