Arjoon: Tariffs risk export and forex loses but T&T better position than some rivals
Business
Finance
GK
August 4, 2025GEISHA KOWLESSAR ALONZO
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Senior Multimedia Journalist
Economist Dr Vaalmikki Arjoon says while we are facing lower export sales and forex earnings due to the new tariff rate, T&T may maintain relatively stronger access to the US market compared to other countries now facing higher import duties, despite the new 15 per cent tariff set to take effect on Thursday.
The rate for T&T is far lower than those imposed on some economies — Brazil (50 per cent), South Africa (30 per cent) and Sri Lanka (20 per cent) — which, Arjoon said, could allow T&T to capture market share from higher-tariff competitors. Guyana and Venezuela will also face a 15 per cent tariff.
Business
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