He Government of Honduras He announced this Friday that the country will be exempt from tariffs-which include a global minimum of 10 percent-announced on the eve by the president of the United States, Donald Trump, as a sign of the good state of the bilateral relationship between both states, after a high-level meeting held in Washington.
“Honduras is out of new rates on 10 percent announced by the United States. Within our official tour of Washington DC, we received with satisfaction the announcement (…) by the Undersecretary of International Trade, William Kimmitt, while we held an important conversation in which we approached the tariff issue, bilateral trade and the interoceanic railway project,” said Secretary of Interoceanic Railway, “said Secretary of Interoceanic Honduran exteriors, Javier Bu Soto.
Bu Soto also pointed out that the two countries will work together in the “commercial facilitation”, as well as in the reduction of tariffs in the sectors considered “essential” for the economy of Honduras.
Likewise, the Honduran Executive will seek to “build bridges of understanding” with Trump administration in other “key” sectors such as security and defense or migrations.
This decision, Bu Soto concluded, “reflects the excellent moment that crosses the bilateral relationship” between Washington and Tegucigalpa, and “is the result of active and professional diplomacy” oriented to “protect” the interests of Honduras. “This reflects the strengthening of the strategic relationship with the United States, in which they work for the development and well -being of both peoples,” he said.
This news comes after Donald Trump announced on Thursday the imposition of new tariffs on dozens of commercial partners that include a global minimum of 10% and taxes from 15 percent for those countries that have commercial surplus with the American country.
This was stated in an executive order that keeps basic rates for many of the commercial partners. The text, disseminated by the White House, includes a list of almost 70 countries, in addition to the European Union, to which specific tariffs will be applied between the minimum of 10 and 41 percent, as is the case of Syria. Those states that do not appear in the list will have a predetermined tax of 10 percent.
Tariffs will come into force –except exceptions– On August 7, as read in the decree signed by Trump a few hours before the original deadline of August 1.
