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BiggerTariffs of more than 10% could affect exports in the Dominican Republic.
Trump would impose tariffs of more than 10%.
The imposition of tariffs above 10% by the United States, as anticipated by President Donald Trump, would directly affect the competitiveness of Dominican exports to the United States and jeopardize the preferential access that has been built and defended for more than two decades, stated the Dominican Exporters Association (Adoexpo).
“As an entity representing the national export sector, we are aware of the impact of potentially imposing general tariffs above 10% on countries like the Dominican Republic,” he said.
Adoexpo stated that there is currently a climate of global uncertainty surrounding the S. trade policy due to significant challenges, leaving the final direction and specific objectives pursued by this new strategy unclear.
However, it was noted that the United States has consistently stated that one of its main goals is to reduce its trade deficit in goods. From that perspective, the Dominican Republic is in a favorable position, having historically maintained a surplus for the United States.
It was further noted that the country is among the ten trading partners with which the United States registers the most enormous surpluses in absolute terms.
Adoexpo noted that another U.S. objective is to expand access for its products to third-party markets. In that regard, through DR-CAFTA, the Dominican Republic has already granted free access to all U.S. goods, making the United States the country with the best market access in the world.
