Five countries in Central America, together with the Dominican Republic in the Caribbean, have a free trade agreement with Washington, but this didn’t protect them from the punitive tariffs announced on President Trump’s “Liberation Day.”

A minimum 10 per cent tariff on exports to the US will hit low-income countries throughout the region. But exports from Nicaragua have been saddled with an even higher tariff of 18 per cent. Delighted opponents of Nicaragua’s Sandinista government have blamed it, rather than Trump, for the country receiving this additional penalty. However, simple examination of the figures shows that Nicaragua’s tariff was calculated in the same way as every other country’s.

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