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Compass News
Government land-use policy
The Agro Park is the first of its kind here and is a 16-acre land scheme divided into three initiatives amongst local micro, small, and medium-sized enterprise farmers.
It prioritises six acres for leafy-green production, nine acres for mixed farming, and one acre reserved for the Department of Agriculture’s demonstration and research.
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Cayman Compass
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%.
