Trade war would begin to have effects on the real Latin American sector, according to Itaú

Andrés Pérez, chief economist of the Itaú Bank for Latin America. Photo: Itau. Analysts are no longer surprised by the vagaries and changes in the global trade policy promoted by the President of the United States, Donald Trump, who had advanced these announcements since the election campaign. However, they are concerned about the speed and intensity with which they are taking place in the midst of a great clash of uncertainty in economic policy…

US President Donald Trump’s general tariffs have caused economic chaos, turmoil in stock and bond markets, and panic around the world, especially in low-income countries heavily dependent on exports to the United States. The result can be a totally artificial global recession, from which developing countries will take the brunt. The brief calm that occurred in financial markets following the sudden announcement of a 90-day “pause” in the applica…