Port-au-Prince.- Haiti’s already fragile economy faces a new setback after U.S. President Donald Trump announced a 10% tariff on imports from Latin America and the Caribbean, including Haiti. This move threatens the country’s textile industry, which relies on duty-free access to the U.S. through trade agreements like HOPE and HELP. In 2023, textiles accounted for over 80% of Haiti’s exports, providing thousands of jobs. Experts warn that if factories relocate, mass unemployment could follow, worsening economic instability.
Haiti’s economy has been in steady decline, with GDP contracting 4.2% in 2024 and inflation, though reduced from 49.3% to 29.3%, keeping the cost of living high. The textile sector, responsible for 90% of formal jobs, is especially vulnerable. Government officials stress the need for international cooperation and domestic reforms to counter the tariff’s impact.
The economic strain has intensified public frustration. Protests have erupted over rising food prices, fuel shortages, and widespread violence. Demonstrators fear further job losses, while authorities have responded with force, escalating tensions. Human rights groups warn that failing to control violence and stabilize the economy could deepen Haiti’s crisis.