Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments.
Some major Latin American economies are among the most exposed to the steel and aluminium tariffs (Mexico and Brazil) and reciprocal tariffs (Argentina and Brazil) announced recently by US President Trump. But neither Brazil nor Argentina are heavily dependent on trade with the US, while for Mexico the bigger threat is that the proposed 25% tariff on all imports comes into effect in March. More broadly, for most Latin American countries the main impact from tariffs will come via a stronger dollar and higher US Treasury yields which, alongside worsening terms of trade, is likely to keep currencies across the region on the backfoot. This will reinforce the recent hawkishness of many central banks in the region.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services