The U.S. will gradually increase tariffs over the next two years on Nicaraguan exports that don’t fall under a regional free trade agreement, the Office of the U.S. Trade Representative said Wednesday.
The tariffs are the result of a year-long probe launched under the Biden administration into Nicaragua’s labor and human rights abuses. The investigation sought to determine whether abuses undermine rule of law in the country and whether it could have commercial implications for U.S. businesses.
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