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  • 3 months ago
Expect prices to go up in Tobago in light of the 10 to 15% tariffs on imports to the United States from Trinidad and Tobago. This from Chief Secretary Farley Augustine when questioned on the matter on Friday. More in this Elizabeth Williams report.
Transcript
00:00That's going to impact global trade significantly. It's going to impact the cost of goods and services.
00:06We are here at courts where they have published for Tobago sort of commercial kitchen items.
00:15Most of these items will attract some tariff on it. So the cost of goods will go up.
00:21Mr. Agustin explained further the extent of the tariffs on Tobago.
00:25The cost to produce goods will go up. The cost of raw material will go up.
00:31In our society, we tend to essentially consume goods from the United States and the First World.
00:40So we can expect increasing prices in our stores.
00:44Mr. Agustin said this may be a good time for Tobagoans to eat local.
00:49It should perhaps behoove us to produce locally, to buy local, to eat local, to farm more,
00:57to eat the foods that we grew up on, to perhaps choose cassava over wheat,
01:02to perhaps go by the local fishermen and those wearing the chickens as opposed to the imported goods
01:09because that will make a difference in terms of how we are able to feed our families.
01:15Elizabeth Williams, TV6 News.
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