: Tobago Business Chamber Chairman Martin George Says There Is Not Much T&t Could Do About Tariffs Imposed By U.S. Government

There is little that can be done about the tariffs imposed by the U.S. government, according to Tobago Business Chamber Chairman Martin George. Yesterday, President Donald Trump announced a 10% baseline tax on imports from all countries, along with higher tariffs on several nations with trade surpluses against the U.S., potentially disrupting the global economy and sparking broader trade conflicts. George stated that T&T is simply not large enough to retaliate effectively against the U.S. George noted that while commerce in T&T will be impacted by the tariffs, businesses will need to adjust their operations to reduce their reliance on trade with the U.S. However, he acknowledged that it would be difficult for many businesses to make this shift. According to George, Trinidad and Tobago will remain at the mercy of other major global players as the situation unfolds. T&T was among the CARICOM members subjected to a 10% baseline tax, while Guyana faced the highest tariff in the region at 38%. Meanwhile, T&T’s neighbor, Venezuela, is facing a 15% tariff.