Argentina, Brazil and Mexico's response to the US trade war
On 2 April 2025, President Trump announced his policy of reciprocal tariffs. The term “reciprocal” implies others have tariffs against US goods, which is mistaken and misleading. Its fiscal problem is home made. Non the less, he imposed a universal base tariff of 10%, including on products within free trade agreements (such as the one with Chile and Peru), and imposed higher rates on some countries, such as China. Although the US Government paused the entry into force of the latter for 90 days -some time in May- the region's main economies have reacted. This article will discuss the different measures taken by Brazil, Argentina and Mexico.