The man was later identified as Akiel Thomas of Phase 5, Beetham Gardens.
According to reports, police officers were confronted by a group of persons around 6:30am on Wednesday. One of the group, allegedly Thomas, pulled out a firearm and shot at the officers.
The officers returned fire, hitting Thomas, who was later pronounced dead at the Port of Spain General Hospital.
Police say they recovered one firearm at the scene.
There was a heavy police presence in the Beetham area following the shooting as residents squared off against officers. The residents are claiming wrongful killing.
Acting Commissioner of Police, Stephen Williams, said the situation at the Beetham is being handled, and motorists will be able to use the highway.
At the launch of the National Crime Prevention Programme, the Acting Top Cop said measures have been put in place to ensure the safety of citizens.