Reliance on Local Goods & Services Key to Easing Impact of Trump Tariffs – Finance Minister

Minister of Finance, Fayval Williams, says stronger reliance on local goods and services is the key to easing any potential impact from tariffs announced by U.S President Donald Trump.

The U.S. president is expected to announce a raft of new tariffs on Wednesday.

The White House says countries have been contacting the White House for last-minute negotiations ahead of the president’s announcement.

Speaking on Nationwide at Five on Tuesday, Minister Williams says importing goods will result in the country also importing inflation.

The finance minister says the Bank of Jamaica is equipped to tackle any inflation related shocks from the tariff announcements.

Fayval Williams, Minister of Finance.