Professor C. Justin Robinson, Principal of the UWI Five Islands Campus, has warned of unfavorable repercussions for Antigua and Barbuda and the wider Caribbean from U.S. President-elect Donald Trump’s proposed tariffs on China, Mexico, and Canada.
These tariffs, targeting the U.S.’s key trading partners, could significantly impact regional economies.
Robinson explained that Antigua and Barbuda, reliant on goods tied to supply chains involving these nations, may face rising prices for imports like electronics and consumer goods. For instance, a $1,000 smartphone could see a $250 increase if tariffs are fully passed on to consumers.
Beyond higher import costs, Robinson cautioned that reduced disposable income for American consumers could slow economic growth and dampen demand for Caribbean services. He also noted the risk of retaliatory tariffs, which could disrupt global trade further.
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This man cannot be human
Obvuously, when the USA sneeze we in the caribbean catch the cold. Any increase in prices in the US will definitely see a super incease in prices in Antigua and Barbuda. The time is now for our farmers to significantly increase agricultural production to counter inflation.