US EditionLatin America wary of US trade backlash as it builds relations with China
- In early 2025, the Trump administration imposed broad reciprocal tariffs starting at 10 percent on key Latin American countries such as Brazil, Argentina, Chile, Colombia, and Peru.
- These tariffs respond to trade tensions but have uneven rates, with countries like Venezuela facing 15 to 38 percent, and Mexico exempt under USMCA.
- Latin America’s fragile post-pandemic recovery faces a projected 2.3 percent GDP growth in 2024, complicated by direct export reductions and market volatility due to tariffs.
- At the April 9, 2025 summit, leaders called for a unified Latin American voice and accelerated regional integration to counteract the tariffs’ economic impact.
- The tariffs have intensified shifts in trade, prompting Latin America and the Global South to seek alternative partnerships eastward to reduce reliance on the US.
11 Articles
11 Articles
Facing Trump's tariff threats, Global South nations poised to strengthen cooperation
Will nations of the Global South, including those in Latin America, simply react passively to US tariffs, or will they seize this moment to break free from their long-standing dependency on the Western-dominated economic systems?
rpp.pe
Lithium, megaprojects and autonomy: keys to the new relationship between China and Latin America
With Latin America elucidating between investments and its autonomy, Beijing will be the scene of a new chapter in the growing Chinese-Latin American relationship, marked by multimillion-dollar projects in energy, lithium and infrastructure at the 4th China-Celac Forum.While the United States observes with suspicion, the countries of the region are debating between taking advantage of the economic push of the Asian giant and preserving its margi…
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