Concerns are being raised about the impact that the recently imposed 15 per cent tariff on exports to the United States will have on the availability of foreign exchange in Trinidad & Tobago.
One economist says the tariff on energy exports threatens to tighten foreign exchange flows and strain the country's fragile currency regime
Importers of capital goods, industrial inputs, pharmaceuticals, and refined petroleum may possibly now face more stringent access to foreign exchange, which could disrupt supply chains and delay production.
Policymakers in Trinidad & Tobago are being urged to rethink the economy's overdependence on the US and to further pursue deliberate diversification to protect the economy's long-term stability.
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