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Dominican Republic Hit With 10% Tariff Today By US
Talking about flights to the DR, for example the American Boeing 787 is the most used plane on long haul flights to the DR. Look how the tariff’s will impact the cost of this plane and thus traveling to the DR.
For companies that do global business it’s better to move production out of the US instead of moving it in. Exactly the opposite of the intention.
Whether the tariff’s are meant to be temporary to negotiate better trade terms for the US or not, many economists say the damage is already done and can’t be fully reversed. Every economy connected to the US will be impacted and the US the most. There will be no winners. Many of these countries, including the DR will look for other markets for their exports.
For companies that do global business it’s better to move production out of the US instead of moving it in. Exactly the opposite of the intention.
Whether the tariff’s are meant to be temporary to negotiate better trade terms for the US or not, many economists say the damage is already done and can’t be fully reversed. Every economy connected to the US will be impacted and the US the most. There will be no winners. Many of these countries, including the DR will look for other markets for their exports.
Chinese companies will be laughing all the way to the bank as a result of the US tariffs. The DR, as well as Canada, Europe, Australia, and others will be forging closer trade ties with China. Even if Trump cancelled the all tariffs tomorrow, it won’t change the new world trade initiatives to reduce or eliminate trade with the US. That’s not my perspective. That’s Wall Street‘s perspective where a lot of people actually know what they are talking about unlike politicians.Talking about flights to the DR, for example the American Boeing 787 is the most used plane on long haul flights to the DR. Look how the tariff’s will impact the cost of this plane and thus traveling to the DR.
For companies that do global business it’s better to move production out of the US instead of moving it in. Exactly the opposite of the intention.
Whether the tariff’s are meant to be temporary to negotiate better trade terms for the US or not, many economists say the damage is already done and can’t be fully reversed. Every economy connected to the US will be impacted and the US the most. There will be no winners. Many of these countries, including the DR will look for other markets for their exports.
Ask yourself this. Would you want to be flying to and from the DR on a Boeing aircraft made mostly from Chinese steel and aluminum or flying on one made from high quality steel and aluminum from Canada and Europe?
Expect the price of non tariff used cars to rise sharply in the DR. It’s already started in the US and Canada. My car is a year old. It is now listed on Autotrader for more than I paid for it.
The DR has the option of importing non tariff concrete from other countries, including Canada. A very attractive option given the lower cost of the Canadian dollar compared to the US dollar.
US cement is a very minor part of the cement used in the DR:
Yes, the Dominican Republic imports cement, with Turkey and Algeria being major suppliers, and the country imported $66.8 million worth of cement in 2022, making it the 51st largest importer globally.
Here's a more detailed breakdown:
- Import Volume:
In 2022, the Dominican Republic imported $66.8 million worth of cement, positioning it as the 51st largest importer worldwide.
- Main Import Origins:
The primary sources of cement imports for the Dominican Republic are:- Turkey: $32.1 million
- Algeria: $26.9 million
- United States: $2.48 million
- Colombia: $2.04 million
- Tunisia: $1.58 million
- Turkey: $32.1 million
- Other Relevant Information:
- In 2022, the volume of national imports and sales of cement increased by 2.9%.
- The Dominican Republic also imports cement clinkers, with Algeria being a major supplier.
- White Portland cement is also imported, with Spain being a supplier.
- The Dominican Republic is a significant cement producer in the Caribbean, with 5.9Mt/yr in integrated capacity.
- The Dominican Republic exports cement to countries like Haiti, Cayman Islands, and Suriname.
- The Dominican Republic imports refined petroleum, cars, petroleum gas, crude petroleum, and packaged medicaments as well.
- In 2022, the volume of national imports and sales of cement increased by 2.9%.
- Cement in Dominican Republic | The Observatory of Economic Complexity
OEC World
- Dominican Republic White portland cement imports by country
Dominican Republic imports of White portland cement was $6,336.15K and quantity 24,686,600Kg. Dominican Republic imported White po...
World Integrated Trade Solution (WITS)
- Dominican Republic Cement clinkers imports by country | 2023
Dominican Republic imports of Cement clinkers was $84,682.97K and quantity 1,246,130,000Kg. Dominican Republic imported Cement cli...
World Integrated Trade Solution (WITS)
I spent my time in the uni back in day studying international business. This is not how do you do that efficiently or in a smart way... The whole EU is hit by 20 %, my country included, and there the economists are already projecting a few % lost in economy and everyone preparing for this. US products are being set under boycott.
Extremely relevant! I’m amazed Trump is spending time on the golf course. It’s like Nero fiddling while Rome burns. I thought he was concerned about American jobs and manufacturing but his cavalier attitude towards the US auto industry concerns the past two days gives me a different impression.
Countries in close proximity to the US like the DR, Mexico, Canada will continue to trade with the US, just under different circumstances after the tariff dust has settled. US tourism is a big revenue generator for the DR as well as US dollar remittances from DR citizens in the US. Remittances may drop a bit due to the increased cost of living and job layoffs in the US. A US dollar decline might affect the number of US tourists staying at AI resorts. Other than that it will be business as usual between the DR and the US.
Yes, me too, in the early 1980s. But since returning to live here again in 2011, any existence of a Dominican postal system has eluded me.
Cement in Dominican Republic | The Observatory of Economic Complexity
Find the latest exports, imports and tariffs for Cement trade in Dominican Republic.
Reminder, this thread has nothing to do with China, Canada, EU, etc....how will the tariffs effect the DR, that's it.
Strictly speaking with regard to just the 10% tariff on DR goods coming to the US, the impact will not be that great as the amount of goods sent is reasonably small. Certain sectors will feel it more than others, but for the moment the tariff is more of getting attention to the perceived disparate trade treatment.
It is only when/if the DR decides to retaliate, as opposed to sit down a and discuss the reason(s) the 10% tariff on them took effect, will you begin to see real economic pain.
Notwithstanding your comment above regarding China, Canada, E.U. etc.,......when the US sneezes the world tends to catch a cold.
Respectfully,
Playacaribe2
I really hope the DR does not retaliate. They have their tourism industry to protect.
I hope airfare doubles. It keeps the riff-raff of the planes.
I have been flying 1st class class for 25 years. Unfortunately so do the slovenly commoners who drink 3 scotches and trim thier nails.
