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Latin American economies seem relatively well-positioned following the U.S. Supreme Court’s decision to invalidate last year’s tariffs on imports of goods and services and President Donald Trump’s announcement of a new 15% global tariff.
Trump’s previous levies were invalidated on February 20, after a majority of the U.S. Supreme Court’s justices (6-3) ruled that the president exceeded his authority to issue them, dealing the government a major setback. That day, Trump set a replacement global tariff of 10%, which, a day later, was increased to 15%.
AQ asked analysts to share their reactions and perspectives about the impact in Latin America.
The Supreme Court’s decision to strike down the IEEPA tariffs—imposed under the guise of an economic emergency—marks a significant moment in America’s turn towards protectionism. The ruling’s full consequences for the global economy, the U.S., and Latin America remain uncertain, but several conclusions are already apparent.
