USTR Section 301 Action on Nicaragua’s Acts, Policies, and Practices Relating to Labor Rights, Human Rights and Fundamental Freedoms, and the Rule of Law
USTR noticeTariff raisedPublished 25/12/10Open the original
Summary
The USTR announces a Section 301 action against Nicaragua over labor rights, human rights, and rule-of-law issues. Starting January 1, 2026, tariffs on all imported Nicaraguan goods not originating under CAFTA-DR begin at 0%, then rise to 10% on January 1, 2027 and 15% on January 1, 2028.
By industry
- Tariffs & Reshoring1 trading day+2.1%p15 stocks5 trading days+5.2%p15 stocks20 trading days+11.4%p15 stocks
“The tariff will be set at zero percent on January 1, 2026 and will increase to 10 percent”
- Korean Investment in the U.S.1 trading day+0.4%p15 stocks5 trading days−1.0%p15 stocks20 trading days+0.4%p15 stocks
“existing 18 percent Reciprocal Tariff”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/12/09 | 0.0% | 0.0% |
| 25/12/10 | +2.8% | +0.6% |
| 25/12/11 | +6.1% | +1.0% |
| 25/12/12 | +4.6% | −0.1% |
| 25/12/15 | +4.0% | −0.3% |
| 25/12/16 | +4.6% | −0.7% |
| 25/12/17 | +5.0% | −1.5% |
| 25/12/18 | +5.8% | −1.0% |
| 25/12/19 | +6.3% | −0.3% |
| 25/12/22 | +8.0% | +0.3% |
| 25/12/23 | +8.7% | +0.7% |
| 25/12/24 | +8.8% | +1.0% |
| 25/12/26 | +9.3% | +1.1% |
| 25/12/29 | +8.0% | +0.7% |
| 25/12/30 | +7.9% | +0.6% |
| 25/12/31 | +6.5% | −0.1% |
| 26/01/02 | +10.5% | +0.1% |
| 26/01/05 | +12.3% | +0.7% |
| 26/01/06 | +13.6% | +1.4% |
| 26/01/07 | +11.7% | +1.0% |
| 26/01/08 | +12.5% | +1.1% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Hyundai Motor Company 005380
- Samsung Electronics 005930
- SK hynix 000660
- LG Energy Solution 373220
- Hanwha Ocean 042660
- Korea Zinc 010130
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- John L. Thornton
BuyFord Motor
BuyFord Motor
F
$99.2K
7,520 sh
$99.2K
Filed 25/11/18
Traded 25/11/14
- Glencore International
SellCentury Aluminum
SellCentury Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
- Glencore
SellCentury Aluminum
SellCentury Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
- Glencore
SellCentury Aluminum
SellCentury Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
- Gaurav Anand
Sell10b5-1 planCoupang
Sell10b5-1 planCoupang
CPNG
$2.2M
75,350 sh
$2.2M
Filed 25/11/12
Traded 25/11/10
- Karla R. Lewis
SellReliance
SellReliance
RS
$1.1M
3,775 sh
$1.1M
Filed 25/12/02
Traded 25/12/01
- Leon J. Topalian
SellNucor
SellNucor
NUE
$790K
5,000 sh
$790K
Filed 25/12/23
Traded 25/12/19
- Karla R. Lewis
SellReliance
SellReliance
RS
$577.4K
2,034 sh
$577.4K
Filed 25/12/02
Traded 25/12/01
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$5.2M
47,355 sh
$5.2M
Filed 25/12/19
Traded 25/12/18
- Christopher D. Kastner
Sell10b5-1 planHuntington Ingalls Industries
Sell10b5-1 planHuntington Ingalls Industries
HII
$4.8M
15,000 sh
$4.8M
Filed 25/11/13
Traded 25/11/12
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$3.6M
11,894 sh
$3.6M
Filed 25/12/11
Traded 25/12/10
- Thomas Kean
Full saleGeneral Motors
Full saleGeneral Motors
GM
$1K–$15K
Self
$1K–$15K
Reported 02/19
Traded 01/07
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$2.9M
9,473 sh
$2.9M
Filed 25/12/11
Traded 25/12/10
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$2.7M
26,998 sh
$2.7M
Filed 25/11/20
Traded 25/11/18
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$2.4M
24,711 sh
$2.4M
Filed 25/11/20
Traded 25/11/18
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$2.2M
7,326 sh
$2.2M
Filed 25/12/11
Traded 25/12/09
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$2M
6,741 sh
$2M
Filed 25/12/11
Traded 25/12/09
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.9M
6,108 sh
$1.9M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.7M
5,681 sh
$1.7M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.7M
5,545 sh
$1.7M
Filed 25/12/11
Traded 25/12/10