April 2025
Trump’s tariffs: Robbed by the contract, robbed by the data, robbed by the tariff
The 38% tariff on Guyana’s exports to the United States is among the highest announced by President Donald Trump late last week. The number is half of the 76% that Trump’s economic advisers have calculated as the actual value of the tariff disparity between the USA and Guyana. However, what began as a comparison of…
Why Guyana’s crude oil exports must be excluded from US import tariff
The recent US reciprocal Tariff Schedule for Guyana, 76/38 % is not trade-weighted by the amount of Guyana’s exports versus its imports from the US. It appears that Guyana has used its 76% tariff charged to the US as a revenue measure, in a similar way that Trump is attempting to do. For example, fish exported…
