A lot has been written about the risks of the proposed Border Adjustment Tax to U.S. consumers, on the U.S. budget, and on the appreciation of the dollar. The worse consequence would be on U.S.-Mexico production chains.
U.S. President Donald Trump’s disrespect for the Mexican president and his ugly attacks against immigrants and—by implication—Latin American citizens have given Latin American leaders like Rafael Correa and Danilo Medina a moral platform they don’t deserve.
Who to pick? The country led by the guy who regularly refers to citizens south of the border as criminals or “bad hombres”? Or the new seemingly dynamic global economy that has pledged to increase trade to Latin America by $500 billion?
In an ongoing series examining the consequences of President Trump’s policies on the region, Kevin Gallagher looks at what this administration’s trade policies will mean for China’s influence in Latin America.