Former US president plans huge trade barriers against Latin American neighbors
Presidential candidate outlines strict trade measures targeting Mexico and Brazil in recent campaign speeches. Economic experts warn about possible recession risks in Mexico due to proposed high tariffs
In recent campaign speeches Donald Trump laid-out strict trade plans against Latin American countries which could shake-up regional economics. The ex-president whose running for office again wants to put a two-hundred percent tax on all Mexican cars coming to US
The proposed measures dont stop at Mexico: Trump aims to target countries moving away from dollar trading (including Brazil which joined other BRICS nations at their Kazan meeting last week) His trade-policy would hit countries that try using different currencies in their deals
A fresh report by Moodys shows possible problems for Mexico if these ideas become real: the country might face tough times with its money worth less and prices going up. The research points out that Mexican business could slow down a lot — making life harder for regular people and companies that work across the border. The worst-case outlook shows Mexico sliding into economic troubles with rising costs and dropping peso value
