Latin America News
LAST UPDATE: July 16, 2025
Canada PM Carney Signals U.S. Tariffs May Be Here to Stay
Reuters (Dow Jones reference)
Canadian PM Mark Carney warned that U.S. tariffs may persist, with few signs any country will escape them.
Insight
This signals Canada’s recognition that protectionist U.S. trade policies might be structural rather than temporary, prompting long‑term trade strategy adjustments.
Canada Inflation Quickens; Core Measures Rise Above 3%
Core inflation in Canada has risen above 3%, indicating faster underlying price pressures.
Insight
Elevated core inflation could constrain the Bank of Canada, limiting its ability to cut interest rates without risking further inflation.
Peru’s economy grows more than expected in May despite mining dip
Peru’s economy expanded ~2.67% year-on-year in May, exceeding estimates despite weakness in mining.
Insight
The resilience suggests diversified growth beyond mining, potentially supporting broader economic stability.
Argentine monthly inflation inches up, still low
Monthly inflation in Argentina rose to ~1.6% in June, slightly up from 1.5%, yet remaining a multi-year low.
Insight
While inflation edged up, the rate remains subdued, supporting fiscal consolidation efforts under current governance.
Mexico pledges action should U.S. talks fail by August tariff deadline
Mexican President Sheinbaum stated that if no trade/tariff deal is reached by August 1, Mexico will prepare countermeasures; this comes as Trump threatens 30% tariffs, and 17% tomato duties already imposed.
Insight
Mexico is balancing diplomacy with contingency planning, showing readiness to retaliate economically if U.S. pressures worsen.
Trump’s Brazil Tariffs Undermine Investors’ Favorite Lula Election Rival
Trump’s U.S. tariffs imposed on Brazilian goods (50%) are undermining the conservative candidate favored by investors as a rival to Lula.
Insight
The tariffs, politically motivated, are destabilizing Brazil’s political landscape and may ironically bolster Lula’s position and weaken his competition.
