In the Headlines
June 12, 2024

What Do Tariffs on Chinese Goods Mean for Latin America?

Latin America Advisor, Inter-American Dialogue
International Trade attorneys Francisco Sánchez and Caroline Howard were featured in a Q&A with the Inter-American Dialogue's Latin America Advisor about how U.S. tariffs on Chinese imports could affect trade among the United States, Mexico and Central America. Mr. Sánchez and Ms. Howard discussed how these tariffs could disrupt industries reliant on Chinese imports, leading to increased production costs and higher consumer prices. They also noted that the tariffs might accelerate the nearshoring trend, with U.S. companies increasing investments in Mexico and Central America to mitigate supply chain risks and reduce dependence on Chinese imports.

"While these tariffs aim to level the playing field and address trade imbalances with China, they might inadvertently cause short-term economic disruptions. Yet, in the long run, they could promote more resilient and integrated North American supply chains, enhancing the region's economic stability and competitiveness," they said.

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