US to Impose Phased-In Tariffs on Nicaragua After Finding Labor Abuses
The United States will impose a phased-in tariff on some Nicaraguan goods starting Jan. 1 over labor and human rights concerns, the Office of the U.S. Trade Representative said on Wednesday, adding that the tariff will increase to 10% the following year and 15% in 2028.
The tariff rate would apply to "all imported Nicaraguan goods that are not originating under the Dominican Republic-Central America-United States Free Trade Agreement," USTR said.
It would stack on other tariffs, including an existing 18% reciprocal tariff, according to USTR...
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