US Government Slaps Belize with 10% Tariff

President Donald Trump has imposed a ten percent tariff on Belizean goods exported to the U.S., just three months after taking office. The Government of Belize is closely monitoring this new policy, which the Trump administration calls a reciprocal tariff. This ten percent fee targets countries like Belize that have tariffs on American goods. Some countries, like China, face an additional thirty-four percent on top of an existing twenty percent tariff. The tariff rates vary for the one hundred and eighty-five affected countries. What does this mean for our exports to the U.S.? We asked Narda Garcia, C.E.O. in the Office of the Prime Minister. She said there’s not much information to share yet as officials are still analyzing the situation. Tonight, we start the news with an official reaction to these higher reciprocal tariff rates imposed by the U.S. Government on Belize.

 

Narda Garcia, C.E.O., Office of the Prime Minister

“I can only say that they’re revising the list to see what products will be affected and then government will give a response. We as CEOs have not been given the information as yet, so I wouldn’t want to speculate on that position.”