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Planning Institute of Jamaica (PIOJ) director general, Dr. Wayne Henry, announces preliminary estimates on the performance of the economy for October to December 2024 during Wednesday’s (February 19) quarterly media briefing at the agency’s offices in New Kingston. (Adrian Walker/JIS)
The Planning Institute of Jamaica, PIOJ, is closely monitoring the actions of the Trump administration in the United States and its potential impact on the local economy.
Addressing a quarterly media briefing this week, PIOJ director general, Dr. Wayne Henry, says it’s still too early to assess the impact.
Chevon Campbell tells us more.
Since his return to the White House, U.S. President Donald Trump has shocked the world with his aggressive policies on trade and immigration.
Tariffs have been levied on China, Mexico and Canada. Similarly, strict deportation measures have seen thousands deported since the new president took office.
PIOJ director general, Dr. Wayne Henry, says it’s still too early to form a view on the potential fallout.
However, Dr. Henry says as Jamaica’s largest trade partner, the actions of the U.S. could significantly impact local markets.
Similarly, as one of Jamaica’s biggest providers of foreign aid, changes in U.S. policy could affect Jamaica’s development goals.
The PIOJ director general says immigration policy changes may also have unavoidable consequences. But, an additional unforeseen impact is the U.S. withdrawal from several multilateral agreements and bodies.
Dr. Henry says, that as more information becomes available they will update their projections.
English (US) ·