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flag Trinidad and Tobago doubled alcohol and tobacco taxes on CARICOM imports to boost revenue and health, sparking criticism over sudden implementation and potential economic harm.

flag Trinidad and Tobago has raised excise taxes on alcohol and tobacco from CARICOM countries by 100% effective October 17, aligning them with local product rates to generate $1 billion in revenue and reduce consumption. flag The move, part of the 2026 budget, applies to beer, rum, cigarettes, cigars, and other products, aiming to support public health and fair regional trade. flag Critics, including senators and business leaders, warn the sudden increase—announced without stakeholder consultation—could harm tourism, disrupt supply chains, raise prices for low-income consumers, and drive demand for cheaper or illegal alternatives. flag Some question the projected revenue and health benefits, noting past tax hikes led to lower collections. flag The Senate approved the measures in separate votes, with opposition and independents largely opposing or abstaining.

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