The Government of Guyana is engaging the United States administration on new “reciprocal tariffs” announced on Wednesday by President Donald Trump.
The US President said he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, according to Reuters.
Guyana will face a tariff rate of 38% based on President Trump’s new decision.
“The Government of Guyana has taken note of the reciprocal tariffs announced by the US Government earlier today.
“Our Government is closely engaged with our US partners to better understand the issue and have it addressed as appropriate,” Finance Minister Dr. Ashni Singh said in an invited comment Wednesday evening.
The US is Guyana’s largest trading partner. Last year, U.S Ambassador to Guyana Nicole Theriot said trade between the two countries surpassed US$4.6 billion in 2023.
Trump’s reciprocal tariffs do not apply to certain goods, including copper, pharmaceuticals, semiconductors, lumber, gold, energy and “certain minerals that are not available in the United States,” Reuters noted, quoting a White House fact sheet.
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