US tariffs drive up costs for Cayman businesses
The knock-on effects of country-specific US tariffs that were a part of US President Donald Trump’s ‘Liberation Day’ trade policy have hit Cayman’s import-reliant economy, with local businesses reporting rising costs and impacted supply chains.
On 7 Aug., the United States officially imposed tariffs on imports from more than 90 countries, pushing America’s average effective tariff rate to 18.6% – its highest level since 1933, according to the Budget Lab at Yale University. Just a year ago, that rate stood at 2.4%. For a more complete summary of the story, please see the below link:
Published on: Aug 24, 2025 06:58 PM