MEXICO CITY, Aug 2: The US authorities excluded Honduras from the list of states affected by new 10 per cent tariffs, Honduran Foreign Minister Javier Bu Soto said.
“During our formal visit to Washington we were satisfied to hear the US government’s statement that 10 per cent tariffs will be abolished for Honduras. We were informed of that by US Undersecretary of Commerce William Kimmitt during a substantive conversation in course of which we discussed in detail the tariff policy, bilateral trade and the Interoceanic Railway project,” the minister said on X.
Washington’s decision indicates the high level of bilateral relations between the two states and is the result of diplomatic effort, Bu Soto said, adding that Honduras will work on promotion of trade liberalization and lowering tariffs in key sectors of the economy, as well as building up trustful relations with the current US administration in such issues as security, defense, migration and economic development.
On Thursday, US President Donald Trump signed a decree imposing tariffs ranging from 15 per cent to 41 per cent on goods supplied to the US from more than 60 countries. The new tariffs will take effect on August 7.
On April 2, Trump signed an executive order imposing 10% “reciprocal” tariffs on imports, with higher rates for 57 countries starting April 9, based on US trade deficits. After over 75 countries sought negotiations instead of retaliation, the 10% base rate was applied for 90 days until July 9. Two days before the deadline, Trump extended the suspension of higher tariffs to August 1 but notified several countries that increased rates would apply from that date. (UNI)
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