The Government of Saint Vincent and the Grenadines has taken note of the new tariff regime announced by US President Donald Trump.

In light of this, Minister of Agriculture, Saboto Caesar says a task force was established to address the impact of the tariff regime on the price of food locally.

"With the new tariff system, what we are going to notice is that food entering the United States of America for re-export attracting significant tariff increases, this will be passed to consumers in receiving countries. Therefore, we have to manage the issue of imported inflation. Yesterday at the level of the Cabinet of Saint Vincent and the Grenadines we established a task force to address the impacts of this tariff regime on the price of food in Saint Vincent and the Grenadines."

Minister Caesar gave the commitment that major efforts will be made to address the issues that could arise, following the imposition of the new tariff regime.

"In life you would always face challenges but I am comforted that in this Ministry we have the necessary technical skills, we have the International Partnerships and we will be able to work with every single member of our society to ensure that when we experience this whole situation and scenario the pending imported inflation that we will not be impacted in Saint Vincent and the Grenadines in a negative way."

Nearly sixty countries worldwide have been hit with tariffs, ranging from ten percent to as high as 49 percent.

SOURCE: National Broadcasting Corporation (NBC Radio)