Tariffs
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April 7, 2025
Latam | Economic normalization amid an uncertain environment
The last months of 2024 gave some glimpses of the challenges Latam could face in the coming years. However, looking beyond the first quarter of 2025, some—albeit not all—of these warning signs have faded.
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April 7, 2025
Global | Tariffs: a misguided shock therapy
In the 21st century, history is again being challenged by a wave of protectionism from the United States. President Donald Trump has just announced a barrage of tariffs that marks the country's biggest protectionist offensive in almost a century.
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April 4, 2025
Mexico | The folly of correcting the US auto trade deficit
The 25% tariff that the United States will impose on automotive vehicles (beginning April 3) and auto parts (no later than May 3) will have an adverse impact on the global automotive industry. This is because automotive companies will have to increase production in the United States, reduce costs or raise prices.
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April 3, 2025
Mexico|Mexico to face relatively lower protectionism, potentially revitalizing nearshoring
On April 2, 2025, the White House issued an executive order introducing reciprocal tariffs aimed at regulating U.S. trade and reducing the trade deficit. A baseline 10% tariff will take effect on April 5, while country-specific reciprocal tariffs will be implemented starting April 9.
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March 24, 2025
Europe | Turn of the tide for the euro
In the final quarter of 2024, Donald Trump’s return to power in the United States had a negative impact on the euro. Aggressive protectionist policies and increased fiscal stimulus in the country were expected to push the dollar higher.
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March 17, 2025
Global | The economic impact of Trump’s tariffs
Since his return to the White House, Donald Trump has been ramping up his protectionist agenda, reigniting uncertainty over trade and global growth. The increase in tariffs on imports of goods not only affects the US economy, but its repercussions extend worldwide.
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March 17, 2025
Spain | Economy stuck between positive momentum in Spain and global uncertainty
Amid the current environment, uncertainty over the trend in global (mainly) and local economic policy is currently very high, which can have significant and hard to predict consequences on the decisions of households and businesses alike.
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March 13, 2025
Spain Economic Outlook. March 2025
The recovery will continue in 2025 (2.8%) driven by greater competitiveness, lower oil prices, investment in renewable energy, euro depreciation, and lower inflation and interest rates. In 2026, growth will slow (1.8%) due to weaker expansion in Europe and increased uncertainty.
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