The T&T Chamber of Industry and Commerce is concerned about the possible impact of the newly announced US trade measures and is calling for “swift, coordinated” action.
In a statement, it says the measures threaten to disrupt the flow of goods, spike consumer prices, and undermine export competitiveness across the Caribbean.
Of particular concern are: the baseline 10% import tariff on all goods entering the US and a US$1 million fee on any Chinese-built vessel docking at US ports.
It says the US accounts for 37% of T&T’s exports and 39% of its imports, making the local economy highly vulnerable to the shifts.
The Chamber is calling for T&T and CARICOM to press for exemptions or phased relief via the OAS, WTO, and direct U.S. engagement.
It also wants a Tariff Impact Task Force to track fallout and advise policy responses in real time, and regional investment in shipping alternatives such as non-Chinese vessels and joint procurement models, to minimize exposure to US port penalties.
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