The Puerto Rico Planning Board (JP) has reported that the tariff war initiated by the Donald Trump administration had significant repercussions for the manufacturing and construction sectors in Puerto Rico, largely due to the island’s high dependence on imports. This information is based on the recently published Monthly Economic Report by the JP.
Business
Puerto Rico Felt Effects of Tariff War
At a glance
- The tariff war had significant repercussions for manufacturing and construction sectors in Puerto Rico
- The island’s high dependence on imports exacerbated the effects of the tariff war
- The JP’s Monthly Economic Report highlights the impact of global trade tensions on Puerto Rico’s economy
Why this matters: The high import dependence of Puerto Rico makes the island particularly vulnerable to global trade tensions, affecting local businesses and the economy.
In context
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