Caribbean leaders, notably Prime Minister Mia Mottley and Finance Minister Camillo Gonsalves, voiced concerns over US-imposed import tariffs, emphasizing their negative effects on the regional economies. Mottley urged President Trump for dialogue to lower costs for their citizens. Gonsalves highlighted the potential inflationary pressures on St Vincent and the Grenadines' agriculture and fisheries caused by these tariffs. He noted that many imported goods transit through US ports, making them subject to these increases. Both leaders are seeking to partner with other Commonwealth nations amidst the changing trade policies of the US.
Mia Mottley warned Caribbean citizens that the tariffs would mean higher prices for all of us, as they could negatively impact the economies in the region.
Camillo Gonsalves explained that the tariffs on imported goods could adversely affect St Vincent and the Grenadines' agricultural and fisheries sectors, leading to unsustainable inflation.
Gonsalves emphasized the importance of US ports for Caribbean imports, stating that the increased tariffs from those ports would effectively become a tax on Caribbean consumers.
He mentioned that while the US has withdrawn from global trade, it does not signify the end of global trade, highlighting prospects with other Commonwealth nations.
Collection
[
|
...
]