Many Latin American officers watched U.S. President Donald Trump’s tariff announcement on Wednesday with bewilderment. Trump plans to hit all international locations with baseline 10 p.c duties, however round 60 commerce companions will face even greater charges. The Trump administration calculated the so-called reciprocal tariff fee primarily based on the U.S. commerce deficit with every nation.
Nations which have tried to get near Trump typically obtained no particular therapy. Proper-wing Argentine President Javier Milei has tilted his overseas coverage towards the USA, even proposing a bilateral commerce deal to Trump advisors. However Argentina was hit with the identical tariff fee as Brazil, which has a left-leaning authorities and which Trump has criticized for protectionism.
Many Latin American officers watched U.S. President Donald Trump’s tariff announcement on Wednesday with bewilderment. Trump plans to hit all international locations with baseline 10 p.c duties, however round 60 commerce companions will face even greater charges. The Trump administration calculated the so-called reciprocal tariff fee primarily based on the U.S. commerce deficit with every nation.
Nations which have tried to get near Trump typically obtained no particular therapy. Proper-wing Argentine President Javier Milei has tilted his overseas coverage towards the USA, even proposing a bilateral commerce deal to Trump advisors. However Argentina was hit with the identical tariff fee as Brazil, which has a left-leaning authorities and which Trump has criticized for protectionism.
The USA has a commerce surplus with each Argentina and Brazil, in order that they every obtained the minimal 10 p.c fee. Different massive Latin American economies similar to Chile, Colombia, and Peru additionally face 10 p.c tariffs, decrease than the new duties of upward of 20 p.c and 30 p.c that Washington slapped on main buying and selling companions in Europe and Asia.
Learn extra in right this moment’s Latin America Transient: What Trump’s Latest Tariffs Mean for Latin America
This put up is a part of FP’s ongoing protection of the Trump administration. Comply with alongside here.
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