Jamaica obtaining requisite technical documentation to ensure accuracy of details of new US tax regime
The government says it has taken note of the new tariff regime announced by the United States yesterday.
US President Donald Trump unveiled the new import taxes on all goods entering his country, with a baseline tariff on all imports of at least 10% to as high as 54%.
The tax imposed on imports from Jamaica is at least 10 %.
The 10% tariffs are expected to come into effect on April 5, with the higher duties starting on April 9.
Foreign Affairs Minister Kamina Johnson Smith in a post on X says Jamaica is obtaining the requisite technical documentation to ensure accuracy of details and appropriate analysis.
She adds that the government appreciates the public’s need for further information and clarity and the business community and the general public will be updated.
President of the Jamaica Manufacturers and Exporters Association (JMEA) Sydney Thwaites told Irie FM News that there is uncertainty among Jamaican manufacturers about how the new US import taxes will be implemented.
Meanwhile he explained that Jamaican goods sold in the US market will be more costly.
Mr. Thwaites said JMEA members also expect new opportunities arising from challenges which will come with the increased import tax in the US.
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