Business

Tariffs have cost American households US$1,200 each and is on a trajectory to increase to $1700 in 2026. Sweeping taxes on imports have cost the average American household nearly US$1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint Economic Committee. Using US Treasury Department numbers on revenue from tariffs and […More]

Oil Fund earns US$141M in interest for 2024. The Natural Resource Fund (NRF) in 2024 accumulated an interest of US$141M in 2024, a substantial increase of almost 63% compared with the US$55M earned in 2023. This is according to the 2024 NRF Annual Report, laid in the National Assembly earlier this month. The document provides highlights on the activities of […More]

Chevron says it expects upside to current estimated oil resource in Guyana. Chevron (CVX.N) said on Wednesday it expects that a prolific oilfield in Guyana could hold more than the current estimate of 11 billion barrels of oil equivalent in recoverable resources. “When you think about 11 billion barrels, big fields getting bigger, although we haven’t forecast it, I would expect […More]

Written by Howard Hughes Trump imposes US$100,000 annual fee for H-1B visa applicants. US President Donald Trump has signed an executive order that will add a US$100,000 per year fee for applicants to the H-1B visa program aimed at bringing in skilled workers from abroad into certain industries.  The proclamation mentions “abuse” of the program and will restrict entry unless […More]

Trump said foreign countries would ‘eat’ tariffs — but US consumers and businesses will pay 75% at best Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future and foreign exporters refuse to “eat” the price hikes. The bank expects measures to lift core PCE […More]

YOUR SUPPORT, DONATIONS & CONTRIBUTION NEEDED. CARIBBEAN RADIO heard weekly on WPAT/930AM Multicultural Radio ‘Wpat930am.com’ needs your support, donations & contributions. Listen every Friday from 6pm to 8pm and Saturdays from 12 noon to 3pm. The show is produced and hosted by Howard Hughes. Giving is not only about making a financial donation. It’s also about showing that you care […More]

CARICOM should be united in response to Trump tariffs – Julian Robinson. Opposition Spokesman on Finance Julian Robinson is urging Caricom to maintain a united front in any negotiation with the United States regarding the tariffs imposed on member states. Jamaica is among several countries including those in CARICOM, that have been hit with a 10 per cent tariff on […More]

Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China. April 9, 2025 President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, apart from China. Tariffs on China will be increased to 125% from 104%, he said. Trump in a Truth Social post Wednesday said he has “authorized a 90-day […More]

TTRA Going After $15b in Unpaid Taxes. As the Board of Inland Revenue (BIR) begins to seize the accounts of errant business owners for unpaid taxes totaling some TT $15 billion, Trinidad and Tobago Revenue Authority (TTRA) board chairman Nigel Edwards has advised taxpayers to get their taxes in order. Speaking to Guardian Media on Wednesday, Edwards emphasized that due […More]

Chinese Laundry’s accounts allegedly seized over $34M BIR debt. The accounts of the T&T Radio Network (TTRN), the parent company of radio stations 96.1 We FM, STAR 94.7 and 107.7 Music for Life owned by Anthony “Chinese Laundry” Chow Lin On, have been garnished by the State. Guardian Media understands that Chow Lin On owes $34 million to the Board […More]