Finance Minister Fayval Williams has noted that recently imposed tariffs by the United States could negatively affect Jamaica’s inflation and by extension, the country’s economy.

She was responding to questions about the potential impact of the tariffs, during the Caribbean Policy Research Institute, (Capri) forum for its latest report, ‘Budget Breakdown 2025: An Analysis of the Government’s Proposed Revenue and Expenditure’, yesterday.

The tax imposed on imports from Jamaica, and several other countries, is a base rate of 10 percent, effective April 5.

Mrs. Williams acknowledged that the tariffs will cause an increase in prices of goods.

She pointed out that the Bank of Jamaica will, as expected, monitor the inflation rate.