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Latin America is eagerly anticipating the outcome of the upcoming U.S. presidential election on Nov. 5. The choice between Vice President Kamala Harris and former President Donald Trump will have significant implications for the region’s economies and markets.
Trade, tariffs, and monetary policy will be the key areas of impact for Latin America depending on the election result. A Trump victory could lead to increased volatility in the region, particularly affecting countries like Mexico and Brazil. The ongoing economic war with China under Trump could further escalate, with potential consequences for Mexico.
On the other hand, a Harris administration would likely bring more stability to the region, with lower tariff risks and improved growth prospects. Countries like Brazil and Chile could benefit, while Mexico may face greater scrutiny over trade rules.
While Mexico’s export economy could face challenges under Trump, other countries that rely on commodities exports could see a boost. South America’s lower dependence on remittances from the U.S. could also buffer them from potential tax policies proposed by Trump.
Additionally, South American countries like Brazil could benefit from increased trade with China in a tit-for-tat scenario. A Trump presidency may lead to higher Inflation and Interest rates in the U.S., affecting global financial conditions and Latin American assets.
In conclusion, the outcome of the U.S. election will have far-reaching implications for Latin America’s economies and markets. From trade to monetary policy, the region’s future is closely tied to the choice made by American voters on Nov. 5.
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SOURCE
Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.