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Compass News
Compass News – 19 August 2025
The ruling on a labour law case that went all the way to the Privy Council in London… after an employee was fired for not getting a Covid-19 vaccine.
Retirement comes early for the International College of the Cayman Islands president.
And Air Canada flight attendants take to the skies once again… after three full days of walking off the job.
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Cayman Comapss
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%.
