Latin America News
LAST UPDATE: June 11, 2025
US, Mexico discuss deal to cut Trump’s steel tariffs
Reuters
The U.S. and Mexico are negotiating a quota-based deal to reduce or eliminate Trump-era steel tariffs of up to 50% for a set volume of Mexican steel imports.
Insight
If finalized, this agreement would revive pre-2025 exemptions and stabilize North American steel supply chains. By reinstating quota protections, U.S. officials aim to curb transshipment from third countries like China. Mexico stands to regain export volumes lost in 2024 and reinforce trade integration under USMCA. Maintaining such quotas can reduce economic friction while safeguarding U.S. industry. However, framing it as national security (Section 232) may prolong domestic legal challenges.
Argentina’s Top Court Bans Kirchner From Office for Life
Argentina’s Supreme Court upheld Cristina Fernández de Kirchner’s six-year corruption sentence and imposed a permanent ban on holding public office.
Insight
The court’s decision removes a dominant Peronist leader ahead of the 2027 elections, reshaping Argentine politics. Kirchner’s conviction is likely to consolidate anti-Peronist supporters, yet could also mobilize her activist base in response. The absence of her political influence may create opportunities for figures like Axel Kicillof to emerge. The lifetime ban intensifies polarization and raises questions about judicial independence amid accusations of political motivation.
