U.S. President’s new global tariffs will hurt, but no major impact anticipated for Jamaica – BOJ Governor Richard Byles

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

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Central Bank projects that Jamaica’s economy will recover fully from hurricane Melissa in 2-3 years

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

BOJ says impact of Hurricane Melissa on inflation now projected to be less severe than previously anticipated; cuts policy rate to 5.50%

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

NCB to discontinue international GBP cheque services March 13; cites declining global use of cheque instruments and elevated risk exposure

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

“We’re safe!” – JAMLAT marks Jamaicans safe in Mexico; Foreign Affairs Minister says no report of injury

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

Jamaicans in parts of United States among residents affected by powerful winter storm

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

Kingston man in custody and over 500 pounds of uninspected meat seized during police operation in Downtown Kingston

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

May Pen to Williamsfield Highway toll plazas projected to add US$10M to TJH’s revenue

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

Opposition demands that Gov’t take immediate steps to address logistics crisis at Port of Kingston

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More

TJH explains why it’s seeking to recover US$3.5M lost during suspension of tolls due to Hurricane Melissa

The Bank of Jamaica (BOJ) says it does not anticipate any major impact from United States President Donald Trump’s new global tariffs.

The tariffs have come into effect at 10%, despite a pledge to introduce them at a higher rate.

After the U.S. Supreme Court blocked many of Trump’s sweeping import taxes on Friday, the President said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%.

However, according to official documents, the tariffs have been set at the lower rate from Tuesday, with no directive to increase the rate issued.

The White House is reportedly working to update the rate to 15% to reflect Trump’s announcement.

This has created some uncertainty – an issue, which was brought to the fore at the BOJ’s Quarterly Monetary Policy press briefing in Kingston yesterday.

In addressing the concern, Governor Richard Byles noted that while the tariffs will hurt, Jamaica is not expected to be seriously impacted, especially since tourism is what he calls the nation’s major export service.

Read More