Blue Power puts tariff hit at $100M

Blue Power Group has put a price on the tariff shock facing its soap business, estimating that new taxes on imported raw materials are now costing the company roughly $100 million a year.

The listed manufacturer told the Jamaica Observer that the additional cost has become a major driver for its turnaround plan, as it works to squeeze more efficiency from its existing operation while pushing into higher-margin soaps and expanding its manufacturing footprint in Kingston.

The soap manufacturer had already disclosed that a 40 per cent tariff on the landed value of key raw materials used in soap production, together with higher shipping costs on inputs sourced from Asia, was squeezing margins. However, neither its 2026 annual report nor its first-quarter results put a dollar value on that burden.