Latin America Shows Resilience Amid US Trade Tariffs
CAF President Sergio Díaz-Granados says Trump's tariffs impacted Latin America less than expected due to strong trade ties.
The impact of the tariffs imposed by U.S. President Donald Trump
"has been less than expected"in Latin America, said the president of the Development Bank of Latin America and the Caribbean (CAF), Sergio Díaz-Granados, in an interview.
Dozens of economies around the world are facing U.S. customs duties as the
"reciprocal"tariffs long threatened by Trump over what he considers unfair trade practices take effect.
Some economists have warned that these measures could slow international trade by raising the cost of exports to the United States, the world’s largest economy.
However,
"looking at the year to date from January to today, the impact has been less than expected. Obviously it generated a lot of turbulence at first, but the outlook is becoming clearer,"Díaz-Granados said on Friday.
Author's summary: Latin America withstands US tariffs.
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