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The Caribbean nation of Guyana is breathing a sigh of relief after US President Donald Trump announced a 90-day pause on the introduction of higher tariffs on a number of countries. Guyana, which is nestled between Venezuela and Suriname on the South American mainland, had been singled out for rates of 38% on many of its exports.
Following Trump’s change in policy, it now faces tariffs of only 10% – the same as all countries apart from Canada, China and Mexico. But why had Guyana been facing a higher levy in the first place?
Guyanese political commentator Francis Bailey says the country is caught in a geopolitical battle between the US and China. Recent years have seen billions of dollars of investment in Guyana by Chinese entities, in everything from roads and hospitals, to hotels and shopping centres. And a crucial new bridge linking the capital Georgetown to the western region of Demerara-Mahaica is currently under construction by a Beijing-based company.
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