Trump Steel & Aluminium Tariffs Not Expected to Majorly Impact Jamaica

73

The Jamaican Government says its preliminary assessment is that US President Donald Trump’s decision to impose import tariffs of 25 percent on steel and 10-percent on aluminium is not expected to have a major negative impact on Jamaica.

President Trump announced the decision recently but exempted Canada and Mexico from the measure. Foreign Affairs Minister, Senator Kamina Johnson Smith, says the tariff is expected to only have a limited impact on Jamaica.

The Foreign Affairs Minister addressed the issue Friday in a statement to the Senate.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2018/03/Smith-says-limited-March-16-2018.mp3″]

Mrs. Johnson Smith also gave details as to why the impact of the tariff on Jamaica is expected to be restricted.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2018/03/Smith-says-monitoring.mp3″]

The Foreign Affairs Minister further expanded on why the tariff imposed by the Trump-administration is not a major concern to the Holness-administration at this time.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2018/03/Smith-gives-more-details-on-why-limited.mp3″]

Mrs. Johnson Smith says despite the initial assessment of what the impact of the tariff on Jamaica may be – her Ministry continues to monitor the issue and carry out further analysis.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2018/03/Johnson-Smith-says-78-percent-March-16-2018.mp3″]

Meanwile, Opposition Senator and former Foreign Affairs Minister, KD Knight is calling for the Government of Jamaica to re-examine its negotiating position on the issue of tariffs.

Senator Knight made the call while he responded to Minister Johnson Smith’s statement in parliament today. He described President Trump’s decision as a major shift in US Foreign Policy.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2018/03/Knight-says-major-shift.mp3″]

Senator Knight says Jamaica has had to over the years indicate that it does not support a wholesale removal of tariffs because tariffs are a major source of income.

Knight says it may be time for Jamaica to reassess its negotiating position when it appears before international trade bodies such as the World Trade Organization, WTO.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2018/03/Knight-says-re-exmine-Jamaicas-negotiating-posture-in-international.mp3″]

Responding – Minister Johnson Smith reiterated that the Government is closely monitoring the potential impact of trade decisions made by its international partners.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2018/03/Smith-responds-to-knight.mp3″]

— 30 —



Abka Fitz-Henley is a multiple award-winning journalist who is currently the Senior Reporter at Nationwide News Network (NNN). His primary areas of focus are Court, Crime and Parliamentary proceedings. Fitz-Henley was recently recognized in the regional celebrity magazine publication Panache as “The Breaking News Boss”. At 21 years of age, following his 1st year in media, Fitz-Henley was recognized with the Young Journalist of the year award from The Press Association of Jamaica and went on to cop one of the country’s highest recognized journalism prizes, the Journalist of the Year Award. He’s also been awarded the prestigious Corporate Jamaica Broilers Fairplay 1st place Award for investigative journalism and is the recipient of the Caribbean Blog Award for coverage of the infamous Kartel murder trial. Fitz-Henley is also the recipient of the PM Youth Award for Excellence. Over the years, he has appeared as a guest on the BBC World Service and BBC London.