Even as citizens enjoy the Carnival Season, US President Trump continues to sow the seeds of destabilising change at home and abroad in his first few weeks in office. He has unilaterally increased tariffs on friend and foe alike, virtually rewriting the international trade system. He has undermined NATO and Europe by limiting United States security guarantees, thus rewriting US foreign policy, which portends dramatic geopolitical change.
Elon Musk and the Department of Government Efficiency (DOGE) have disrupted government operations and the funding of federal programmes at home and abroad. By upending the US Agency for International Development (USAID), humanitarian projects worldwide have been curtailed or substantially reduced.
The disengagement from the Intergovernmental Panel on Climate Change (IPCC) continued last week with the removal of staff members of the US Global Change Research Program and the National Oceanic and Atmospheric Administration. We can expect disengagements from other international bodies.
These challenging realities must be factored into the policy framework that addresses this country’s development challenges. Trump’s changes add a new level of uncertainty to an already difficult framework. Further, the silly season will begin in earnest as soon as carnival is over given the proximity of a general election campaign. These US foreign and domestic policy changes promise many challenging developments, which all political parties must address if they are serious about national development.
Hopefully, serious issues will be prioritised on political platforms in preference to the marked propensity for political entertainment and mauvais langue. The country faces many difficulties. Performance and accountability gaps have diminished public trust and confidence in our institutions. For example, the dire crime situation continues despite the current State of Emergency.
Justice Seepersad’s comments last week on the procedural defects impacting examinations and promotions in the TTPS raise wider concerns about the administrative capacity and discipline. In 2023, the Police Complaints Authority investigated how guns and ammunition seized from a dealer went missing. What else is missing?
Then there is the case of the suspended police commissioner. Can the Police Service successfully manage its internal affairs and fulfil its mandate to protect and serve the public? The Finance Minister has been optimistic about the economy’s performance even though this optimism is at odds with the more realistic scenario he articulated in the affidavit presented to support the Revenue Authority appeal in June 2024.
Recently he spoke of the positive impact of VAT and tax refunds on thousands of taxpayers. It is unclear why this should be positive news. If the system functioned properly, VAT refunds would be repaid in months, not years. That taxpayers have waited years for refunds demonstrates that repayments are being suppressed. This results in overstated government revenue and understated deficits.
The brouhaha with the Auditor General lends credence to the Auditor General’s reservations expressed in the two reports on the 2023 financials. The energy sector remains the engine of the T&T economy and foreign exchange availability because we have not worked assiduously to develop alternatives.
Declining production volume and softer international energy prices hurt the country’s financial performance. This has been the position since 2014 as it was in 1986. This boom-and-bust cycle is untenable and destabilising in the long run. Politicians who are serious about national development must tell the country what is required to address these issues given the current geopolitical realities.