Caricom Chair calls for urgent regional trade reform as Trump tariffs loom
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Finance
Politics
July 9, 2025
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With the United States set to implement reciprocal tariffs by August 1, 2025, Caricom Chair Andrew Holness says while talks with the Donald Trump administration continue, the time has come for the region to take trade diversification, especially within the Caribbean, more seriously.
“And now, it’s not just a matter of talk, it is an urgent matter,” Holness said at the closing media conference for the 49th Regular Meeting of the Conference of Heads of Government at Caricom here in Montego Bay, Jamaica.
On April 2, 2025, the US announced a sweeping new slate of “reciprocal tariffs” on about 60 countries or trading blocs that had a high trade deficit with the United States. This included a ten per cent baseline tariff on most imported goods from April 5, 2025.
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