"The United States is considering tariffs of up to 100% on imports from Nicaragua, a move that could choke the flow of Nicaraguan green coffee to U.S. traders and roasters. On Monday, Oct. 20, the Office of the U.S. Trade Representative (USTR) issued a formal finding under Section 301 of the Trade Act of 1974 that the Nicaraguan government's labor rights, human rights policies and rule of law practices are "unreasonable" and place a burden on U.S. commerce."
"In its notice, the office broadly outlined three potential punitive measures: suspend all CAFTA-DR free trade benefits for Nicaragua; suspend some benefits; or apply new tariffs of up to 100%. According to an explanatory document, those tariffs could take effect immediately or be phased over 12 months, and they could apply to all goods or just some goods. Goods from Nicaragua, including green coffee, are already subject to an 18% tax under Donald Trump's "reciprocal tariffs" scheme."
The Office of the U.S. Trade Representative issued a formal Section 301 finding that Nicaragua's labor, human rights and rule-of-law practices are unreasonable and place a burden on U.S. commerce. The office outlined three punitive options: suspend all CAFTA-DR benefits for Nicaragua; suspend some benefits; or impose new tariffs of up to 100 percent, immediately or phased over 12 months, applying to all goods or selected goods. Nicaraguan goods already face an 18 percent tax under the reciprocal tariffs scheme. A public comment period runs through Nov. 19. Importers and roasters say additional tariffs would further strain U.S. coffee businesses and add volatility to the global green coffee market.
Read at Daily Coffee News by Roast Magazine
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