LatinNews Daily - 4 April 2025

*Nicaragua’s First Lady Rosario Murillo, who following a recent constitutional reform is now Nicaragua’s co-president along with Daniel Ortega, has said that the government has started to meet with economic teams to analyse the impact of the new tariffs levied by the US against imports from other countries. Nicaragua was hit with a 18% tariff, second only to Guyana (38%) in the region, and well above the general 10% rate targeting its Central American neighbours. The US remains Nicaragua’s main trading partner, with figures from the country’s central bank (BCN) showing that total goods exports to US were worth US$1.62bn in 2024, some 40% of the total. With Costa Rica and Guatemala, the US’ biggest trade partners in the sub-region, indicating caution in response to the tariffs, yesterday Honduras’ Foreign Minister Eduardo Enrique Reina said that the government “will explore a diplomatic path to find a solution beneficial to Honduras”, adding that the “most important thing will be dialogue with the US. A trade war doesn’t make sense.” According to Honduras’ central bank (BCH), the US accounted for 52.6% of the country’s total exports which were worth US$11.0bn in 2024.

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