Considering the recent US global tariff hikes on Barbados and the wider Caribbean, Dr. Kevin Greenidge, Governor of the Central Bank of Barbados, recently published a working paper on the recent shifts in US trade policy and the potential impacts on the Barbados economy.
This policy paper evaluates the macroeconomic consequences of the tariff hikes. With a 10 percent tariff imposed across all imports, the U.S. action poses multidimensional risks to Barbados as a small, open economy with deep trade and tourism linkages to the US market.