New US Tariffs Badly Hit Latin American Apparel Exports

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Browse free from up to 5 devices at once

- Gain full access to our premium content

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!
– Access The Media Pack Now!
– Book a Conference Call
Leave Message for us to Get Back

Related stories

UK Textile at a Crossroads After India-EU Free Trade Deal

London — The landmark India–European Union Free Trade Agreement,...

US Researcher Develops Dynamic Color-Changing Material

Debashis Chanda, a researcher and professor at the NanoScience...

Kraig Biocraft Begins Shipping Spider Silk Fiber Samples

Kraig Biocraft Laboratories is set to ship its initial...

On Wednesday, President Trump introduced reciprocal tariffs that impose additional tariffs ranging from 10% to 19% on nearly all significant apparel exporters from Latin America to the United States. Previously, the CAFTA-DR nations—Honduras, Nicaragua, Guatemala, El Salvador, the Dominican Republic, and Costa Rica—benefited from a zero percent tariff rate for apparel exports to the US under the Free Trade Agreement. However, the newly implemented US Reciprocal Tariff, aimed at correcting trade practices, now imposes a 10% tariff on these countries, with Nicaragua facing a higher tariff of 19%. This change effectively terminates their duty-free access and significantly alters the cost dynamics of their trade.

Mexico is the sole exception, as it retains tariff-free access under the United States-Mexico-Canada Agreement (USMCA).

Haiti, which has never received full duty-free access like its counterparts, already faced average tariffs of 12.36% on apparel exports. With the recent addition of a new 10% tariff under this policy, Haiti’s overall average tariff rate has escalated to 22.36%—a staggering 181% increase. This sharp rise poses a severe threat to Haiti’s export competitiveness and further endangers its already fragile garment industry.

Latest stories

Related stories

UK Textile at a Crossroads After India-EU Free Trade Deal

London — The landmark India–European Union Free Trade Agreement,...

US Researcher Develops Dynamic Color-Changing Material

Debashis Chanda, a researcher and professor at the NanoScience...

Kraig Biocraft Begins Shipping Spider Silk Fiber Samples

Kraig Biocraft Laboratories is set to ship its initial...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access The Media Pack Now!
– Book a Conference Call
Leave Message for us to Get Back

Translate »