As President Donald Trump launches a global trade war by imposing sweeping double-digit tariffs on major trading partners, Caribbean governments are trying to understand what it means for their already vulnerable economies, while bracing themselves for the ripple effects.
“We need to work these things out,” Trinidad and Tobago Prime Minister Stuart Young said Thursday during a media briefing in Port of Spain.
Young, in the midst of elections campaigning, said it was premature to make any declarations about how the 10% tariffs on all exports into the United States will affect his oil-producing nation, a major supplier of liquefied natural gas to the U.S. He noted that other countries in the world are also dealing with the effects of the reciprocal tariffs and the U.S. is not the only market for his country’s energy products.
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