G.O.B. Plans Dialogue with U.S. Officials Over Tariffs

Regarding the government’s response to the Trump administration’s new tariff, Doctor Almendarez says several factors need to be considered. For instance, is the tariff effective immediately? And how willing is President Trump to discuss suspending it? Doctor Almendarez suggests that the government should approach this dialogue with its CARICOM partners rather than going it alone.

 

Dr. Leroy Almendarez, Economic Consultant

“I am not sure we were forewarned the tariffs would come, but I think we all knew that the president, it is a word he uses very often. He believes tariffs is a way of balancing the world. Now that it has been applied, the question is what its immediacy is. Is it being applied already? Goods leaving tomorrow will be impacted by that. I believe there is a need for engagement with the United States. The U.S. trade representative is the person who engages in dialogue for those persons that benefit through the Caribbean Basin Trade Partnership Agreement and to request consideration that our products that enters the U.S. market continues to benefit through the duty tariff exemptions from our products that go in the U.S. As I indicated, even though it exists it is the president that can decide to vary that. I heard him say this morning that he is open to dialogue, because sometimes the imposition of these tariffs is really to see how the company will react.”