The tariffs proposed by Donald Trump and his tax policy have been placed at the center of the debate this Tuesday at the inaugural round table of the Latibex Forum. This event – which is the great annual meeting of Spanish investors with Latin American listed companies – is being held this Tuesday and Wednesday at the Madrid Stock Exchange Palace, just two weeks after the victory of the Republican candidate in the presidential elections.
In the first panel, which reviewed the expectations macro for the region, Alejandro Padilla, chief economist of Grupo Financiero Banorte, explained that Latin America, and especially Mexico, can benefit from the trade dispute between the United States and China. For his part, Juan Cerruti, chief economist at Banco Santander, has pointed out that Trump’s first government was characterized more by negotiation than by dogmatism, so we can expect a round of negotiations that will allow him to continue shaping his measures. , including tariffs.
David Jiménez-Blanco, vice president of BME, also referred to Trump in the speech he gave during the inaugural lunch of the Forum. “Donald Trump’s victory in the North American elections adds a new element to the analysis: the imposition of tariffs and limits on immigration can cause a rise in prices, which adds to the inflationary pressure of a possible revaluation of the dollar . This situation also makes the listing of Ibero-American companies in the Spanish markets more attractive.especially in the case of SMEs and startups“, he defended. “A greater restriction on immigration can even have positive effects to the extent that these migratory flows are distributed,” pointed out, for his part, Javier Pérez, chief international economy and Eurozone of the Bank of Spain.
Spain stands out as the second largest investor in Latin America, with 11% of the total invested and origin of 52% of the investments of the European Union. And it is also the other way around, since Latin America has been increasing in this decade and is already the fourth largest investor in our country. Latin America is a diverse continent, with a population of 652 million people, which represents 8% of the world’s population. It generates a wealth of 7,000 trillion dollars, equivalent to 7.3% of global GDP, making it the fourth largest economy in the world.
On this first day, the Forum also had the presence of Amparo López Senovilla, Secretary of State for Commerce, who highlighted that “investments by Spanish companies not only constitute the second source of foreign direct investment, but also , Among the top 10 global productive investment destinations for Spain are three countries in the region, which are Mexico, Brazil and Argentina“. But, in addition, “the investment that Spain receives from the region is increasing”, in which those same three countries stand out.
#Latin #America #advantage #trade #war #Trump #China
