Latin America News
LAST UPDATE: May 16, 2025
Chile Trade Chief Still Hopeful US Will Cut Tariffs Back to Zero
Bloomberg
Chile's trade minister remains optimistic that the United States will reduce tariffs to zero, despite the recent APEC trade ministers' meeting concluding without any mention of tariffs. This omission indicates ongoing uncertainty in trade negotiations between the two nations.
Insight
The absence of tariff discussions at the APEC meeting underscores the complexities in current trade relations. Chile's continued hope for tariff reductions highlights the importance of these negotiations for its export-driven economy, particularly in sectors like agriculture and mining. The situation reflects broader challenges in achieving consensus on trade policies within international forums.
Mexico's Sheinbaum, Canada's Carney discuss USMCA trade pact
Reuters
Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney discussed the importance of the USMCA in enhancing North American competitiveness. They also emphasized the significance of the Seasonal Agricultural Worker Program in supporting agricultural labor mobility between the countries.
Insight
The dialogue underscores the commitment of Mexico and Canada to strengthen trilateral trade relations and labor mobility, especially amid recent U.S. tariff policies.
