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10% TARIFF NOT DRACONIAN SAYS ECONOMIST
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8 months ago
The 10% tariffs imposed by US president Donald Trump should serve as a signal to the government to clean up indigenous policies.
This according to Economist, Professor Roger Hosein.
More from Nicole M Romany has more.
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00:00
The economist stresses that the global economy is changing and it's time for
00:06
this country to look at new markets. Professor Roger Hussain believes the
00:11
tariffs should be a motivation to do better. He says he does not believe it is
00:16
something draconian that would debilitate the Caribbean or the TT
00:22
And that they take this tariff imposition as a means to clean up one of our domestic
00:29
indigenous policies that are off and to see it as a signal that we need to look
00:36
harder, smarter and more robust at the regional markets and at the South American
00:42
markets and other markets. He notes that it is time to put serious focus on
00:48
non-energy exports, service exports and agricultural exports. He tells the
00:54
Morning Edition he heard the Prime Minister speaking about increasing
00:58
forex earnings. I hope they are serious this time and they put a solid foot
01:03
effort because this country in my humble technical opinion is in a terrible
01:08
position when I use the index stock of reserves less external debt. Professor
01:13
Hussain also weighs in on the government's plan to move forward with
01:17
a drag on gas deal. I'm very hopeful that jargon gas deal would work out. It's
01:22
a critical critical supply line that if we get it would help augment our stock
01:27
or inflow of natural gas but as a practical economist I'm also saying to
01:34
the Prime Minister whoever else may listen and nobody really listens that we
01:38
need to work on non-energy exports. Nicola M Romany TV 6 News
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