Guyana seeks resolution as US imposes 38 per cent tariffs on exports

News
Date Apr 2, 2025 Read time 2 min read

The Government of Guyana said on Wednesday it is engaging with US officials after Washington announced new reciprocal tariffs on imported goods, including a 38 per cent tariff on Guyanese products.

In a statement issued through the Ministry of Finance, the government said it is working closely with its US counterparts “to better understand the issue and have it addressed as appropriate.”

The tariffs were part of a broader trade measure announced by US President Donald Trump, who unveiled what he described as “kind” reciprocal tariffs affecting more than 180 countries.

Speaking at the White House Rose Garden, Trump said the move was aimed at balancing trade relationships.

“For too long, other countries have taken advantage of the United States. These tariffs are fair and reciprocal,” he said.

Forbes Magazine reported that the new policy marks one of the most sweeping tariff measures imposed by the US in decades.

The administration said that any countries not on the list will face a baseline 10 per cent tariff on all products entering the US.

“The tariffs charged to the US include currency manipulation and trade barriers, according to information provided by the administration—though the percentages could not be independently verified,” Forbes reported.

While the administration framed the move as a correction to what it sees as unfair trade imbalances, analysts warn it could trigger retaliatory measures from affected nations.