Story perspectives

Trinidad and Tobago Faces $291M Loss from US Tariffs

8/23/2025

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Summary

Story summary

The Caricom Private Sector Organization (CPSO) warns Trinidad and Tobago may lose up to US$291.9 million annually due to increased US tariffs.
Expected losses include US$199.3 million in base metals and US$74.8 million in chemicals, affecting industrial capacity.
CPSO CEO Patrick Antoine calls for coordinated regional action to safeguard trade.
The tariff increase highlights a decline in Caricom's trade position with the US, requiring urgent responses.

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Story summary

The Caricom Private Sector Organization (CPSO) warns Trinidad and Tobago may lose up to US$291.9 million annually due to increased US tariffs.
Expected losses include US$199.3 million in base metals and US$74.8 million in chemicals, affecting industrial capacity.
CPSO CEO Patrick Antoine calls for coordinated regional action to safeguard trade.
The tariff increase highlights a decline in Caricom's trade position with the US, requiring urgent responses.