LatAm got it easy in Trump’s tariffs, but pressure on Mexico continues

Date: 29 April

We will examine what US tariffs mean for the region. Most Latin American countries face lower direct trade disruptions than Asian and European competitors from President Trump’s reciprocal tariffs. Lower dependence on US trade and tariff exclusions will limit direct impacts, but second round effects, lower commodity prices and China’s response will shape the fallout for the region. Mexico’s especially conciliatory stance has not yet yielded substantial concessions and downside risks to our outlook grow as Trump doubles down on attacks to its closest trade partner.

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Joan Domene

Chief Latin America Economist

+52 55 7100 1824

Joan Domene

Chief Latin America Economist

Mexico City, Mexico

Joan Domene is the Chief Economist for Latin America and is responsible for developing Oxford Economics’ view on the region. Joan is responsible for producing macroeconomic forecasts for Mexico. He manages a team of economists who produce regional and country-specific research on over 30 countries. Joan’s work also involves presenting the outlook to clients and liaising with the media. Joan joined Oxford Economics in 2019 as Senior Economist after 5 years at a Mexican private bank.

Tim Hunter

Senior Economist, Latin America

+44 (0) 20 3910 8132

Tim Hunter

Senior Economist, Latin America

Mexico City, Mexico

Tim is a Senior Economist in the Latin America macro team in Mexico City, responsible for country-level forecasts as well as broader LatAm research. Previously he worked in our Global Macro and our Scenarios and Macro Modelling teams. Prior to joining Oxford Economics, Tim gained experience as an economist in the UK Civil Service. He holds a master’s degree in macroeconomics from the Barcelona School of Economics and a bachelor’s degree in economics from the University of Bath.

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