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Guyana’s Tariff Shift Explained | Guyana News
Description
The U.S. slaps a 12.5% tariff on Guyana and 60 other nations under a forced labor pretext—but Guyana says it’s just replacing an old 10% tariff that expired. Officials stress this isn’t a targeted punishment, but part of a broader U.S. trade shift. Guyana’s Foreign Secretary vows to finalize a reciprocal trade deal based on facts and mutual respect, while pushing for an exemption. Despite the new charges, Guyana remains committed to its U.S. partnership, especially around oil exports, and is actively negotiating a fairer trade arrangement.
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