Could Puerto Rico Benefit from Tariffs? – PR informa

Puerto Rico sees opportunity and risk in Trump-era tariffs

In the wake of a divisive trade war catalyzed by President Donald Trump’s enforcement of extreme tariffs, Puerto Rico is attempting to use the uncertainty of the current global economy to boost manufacturing. Due to their tax-exempt status for shipments from the mainland United States, many Puerto Rican governmental officials are seeking to convince global leaders to take their business to the territory.  According to Puerto Rican governor Jenni…

Could Puerto Rico Benefit from Tariffs? – PR informa

“The tariff issue is a controversial one, but for Puerto Rico, it’s a great opportunity,” said Governor Jenniffer Gonzalez-Colon last week as she explained that manufacturers who relocate their factories in Puerto Rico will not face the tariffs on foreign goods but may still see lower operating costs than in most states.  Benefits for Puerto Rico If the Island is able to persuade manufacturers to relocate their manufacturing to Puerto Rico, it c…