The new Democratic majority in the House will likely elevate a well-known, moderate Latin America advocate to chair the Foreign Relations Committee and provide a balance to the administration’s possible bro-mance with Bolsonaro.
The U.S.’s regional economic partners, which supply more than 40% of its steel imports and a majority of its aluminum imports, will be some of the most harmed by President Trump’s tariffs—and could do some serious damage to U.S. exports if they choose.
Medium and small economies in Latin America are especially vulnerable to a global trade war. But if Latin American countries can better integrate and harmonize their preferential trade agreements they will be in a better position.
The Andean country, a proponent of free trade but often a reluctant diplomatic leader, has taken a surprising outsized role in furthering economic integration between Latin America and the Asia Pacific region.