Q COSTARICA — Negotiations between Costa Rica and the United States to reduce tariffs will remain active, assured Indiana Trejos, Costa Rica’s Vice Minister of Foreign Trade.
However, they are optimistic that the United States Supreme Court will analyze the legality of these measures imposed by President Donald Trump in November.
“Meanwhile, the tariffs will continue to be implemented, but we will not stop until they are eliminated,” Trejos said.
The United States’ highest court agreed to hear arguments on the legality of the tariffs promoted by Trump in the first week of November. Trump’s administration requested an “expeditious decision” from the high court on the issue.
Fear of exorbitant tariffs has prompted many of the United States’ trading partners, including Costa Rica and the European Union (EU), to refrain from retaliating and further open their markets to U.S. products.
The request follows a ruling in late August by a federal circuit court of appeals, which found that Trump exceeded his authority by using emergency economic powers to impose the tariffs.
Costa Rica’s cumulative exports to the United States totaled US$6.316 billion as of last July, equivalent to 47% of the total goods traded abroad.
Source link
Rico
