New 15% rate could strip $291.9 million annually from national revenues as Washington abandons decades of Caribbean partnership

PORT OF SPAIN,  Trinidad and Tobago, August 24, 2025 - Trinidad and Tobago faces an economic body blow that could strip nearly $300 million in annual export revenues from its already strained economy, as the United States government's decision to raise tariff rates from 10% to 15% threatens to gut key industrial sectors and devastate small producers across the twin-island nation.