- Datum: 14.08.2025
- Category:Berichte & Analysen
Economic Impacts of U.S. Tariffs on Latin American Trade Relations
The article discusses the growing concern in Latin America regarding U.S. President Donald Trump's use of trade tariffs to exert political leverage. While many Latin American countries initially anticipated minimal impact from US tariff increases, the reality has proven to be more complex. President Trump has used tariffs not only as economic instruments, but also to influence political decisions in Latin America. For example, he imposed a 50% tariff on Brazilian imports in exchange for Brazil dropping legal proceedings against former president Jair Bolsonaro relating to a potential coup. Similarly, Mexico was hit with a 25% tariff on exports not covered by the USMCA agreement, and was given a deadline to reach a negotiated settlement. In contrast, countries such as Chile and Peru have largely been exempt from such punitive measures, benefiting from tariff-free exports of commodities such as copper. Despite these tensions, the immediate economic impact on Latin America has been less severe than anticipated. The UN Economic Commission for Latin America and the Caribbean (CEPAL) is projecting 2.2% growth for the region, which is slightly above earlier forecasts. However, the International Monetary Fund (IMF) has lowered its growth forecast to 2.0%, citing risks arising from trade uncertainties and escalating tariffs. Moody's warns that a significant increase in US tariffs could lead to a recession in Latin America that could last until 2028.