Laureano Ortega Exposes Nicaragua to 43% Tariffs by Ratifying "Programs" and "Projects" with Iran
By ratifying agreements with Tehran, Laureano Ortega exposes the country to Trump's new order, which empowers the imposition of 25% tariffs on Iran's partners, raising the tax risk to 43%.
TL;DR
- Laureano Ortega reaffirmed Nicaragua's bilateral agreements with Iran on the anniversary of the Islamic Revolution.
- This action follows a new US executive order by Donald Trump targeting nations that "do business" with Iran.
- Nicaragua could face an additional 25% tariff, bringing the total import tax to 43%.
- This increased tariff risk threatens the competitiveness of Nicaraguan products in the US market.
- The reaffirmed agreements, particularly economic, judicial, and scientific cooperation memorandums, could be interpreted by Washington as justification for the tariffs.
- Specialists suggest the Nicaraguan regime is prioritizing ideology over the stability of its export sector.
- In 2025, the US was Nicaragua's largest trading partner, purchasing 46.3% of its total exports.