More
    HomeeconomyPM Browne Warns U.S. Tariffs Could Hurt Antigua and Barbuda’s Economy

    PM Browne Warns U.S. Tariffs Could Hurt Antigua and Barbuda’s Economy

    Published on

    spot_img

    Prime Minister Gaston Browne has raised alarms over new U.S. trade policies, warning that a 10 percent baseline tariff on all imports could significantly hinder Antigua and Barbuda’s economic growth in 2025. Originally projecting a 6 percent GDP increase, Browne now says those figures may need to be revised downward.

    Speaking on his weekly radio program, Browne pointed out that with the country importing far more than it exports to the U.S., the tariffs will worsen the trade imbalance and likely trigger inflation, as higher import costs are passed on to consumers.

    Ambassador Sir Ronald Sanders has also called for a reassessment of the tariff regime affecting Caricom nations, criticizing the disproportionate impact on small, import-reliant economies. Additional proposed U.S. levies, including those targeting Chinese-built ships, could further escalate freight costs and economic strain.

    The government is being urged to find alternative strategies to cushion the impact and ensure economic stability.

    Latest articles

    Privy Council reinstates $25,000 award for former Transport Board manager who was unfairly-dismissed

    The Judicial Committee of the Privy Council has ruled that the Eastern Caribbean Supreme...

    Tropical System in Bay of Campeche Could Develop Before Reaching Land

    Showers and thunderstorms have intensified around an area of low pressure, designated _Invest #AL98_...

    Harold Lovell Urges Urgent Action to Reopen All Saints West Clinic After Two-Year Closure

    It has been over two years since the All Saints West public health clinic...

    OPINION: From Lost Note to National Triumph: A Reflection on G’Eve’s Journey with “Daughter Come”

    I remember the first night G’Eve performed that masterpiece of a calypso, “Daughter Come,”...

    More like this

    Privy Council reinstates $25,000 award for former Transport Board manager who was unfairly-dismissed

    The Judicial Committee of the Privy Council has ruled that the Eastern Caribbean Supreme...

    Tropical System in Bay of Campeche Could Develop Before Reaching Land

    Showers and thunderstorms have intensified around an area of low pressure, designated _Invest #AL98_...

    Harold Lovell Urges Urgent Action to Reopen All Saints West Clinic After Two-Year Closure

    It has been over two years since the All Saints West public health clinic...