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Compass News
Compass News – 8 April 2025
On court: A three-week-long murder trial draws to a close as the jury gets set to begin its deliberations.
The impact of US President Donald Trump’s tariffs hits close to home for Cayman’s businesses.
We all love finding a good deal online — but is it too good to be true? Mark Westin looks at some of the online scams plaguing the community.
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Cayman Compass
US tariffs could be a ‘rum deal’ for Cayman’s niche export market
US president Donald Trump can hardly have had the Cayman Islands in mind when he implemented sweeping global tariffs on America’s trading partners last week.
But the islands’ niche export market may be collateral damage in a coming global trade war.
A new 10% tax on anything exported from Cayman to the US was announced on 2 April, alongside tariffs on goods imported to the US from more than 180 other countries and territories. Details of when and how those tariffs might be imposed remain unclear but it is another worrying sign for businesses on the islands.
