DLP slams govt for lack of plan to counter impact of US tariffs

The Democratic Labour Party (DLP) spokesman on business is urging the government to present a clear strategy to protect citizens from the recently imposed US tariffs, which are expected to worsen the rising cost of living in Barbados.

Senator Ryan Walters cautioned that the 10 per cent tariff on exports to the US, imposed by President Donald Trump, will have widespread consequences for households across the island. He insists that the government must act swiftly to mitigate the impact on local consumers.

“While we recognise that inflation is a global issue and that some price increases are imported, we reject the notion that the government lacks the capacity to respond,” Senator Walters said in a statement on Tuesday.

With inflation already in double digits, he warned that the new tariffs could further burden Barbadians. In response, he outlined six “concrete measures” he believes should be implemented:

• Addressing tariff impact: Specifically focusing on imported food items, which are essential for daily living.
• Reviewing import duties: Conducting a thorough assessment of import duties, excise taxes, and VAT rates at the Bridgetown Port, with a view to reducing them in a way that prioritises consumer protection.
• Price monitoring: Enhancing the monitoring of prices in stores to eliminate unjust price increases, particularly during times of crisis.
• Expediting minimum wage increases: Fast-tracking the implementation of a higher national minimum wage, which has been promised since March 2024.
• Tax relief for middle-class families: Providing financial relief to the lower-middle and middle classes through reductions in personal income tax rates.
• Delivering on promises: Fulfilling the tax reduction commitments made in the 2018 Barbados Labour Party manifesto.

Additionally, Senator Walters cautioned the government against using the tariff crisis as an opportunity to generate revenue at the expense of citizens.

“We . . . urge the government not to take advantage of this situation to boost revenue through increased port fees and taxation. Now is the time for the Mottley administration to utilise the $38 billion in tax revenue and loans collected from hardworking Barbadians to provide meaningful support to those in need,” he said.

The DLP spokesman reiterated the opposition’s call for the government to demonstrate true leadership by prioritising the protection of consumers.

“The time for action is now, and we expect nothing less than a comprehensive plan that reflects a genuine commitment to the well-being of the people of Barbados,” he concluded.

(LG)