IBOV 186,595.60 ▲ 0.74% IPSA 11,357.82 ▼ 0.21% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,998,956 ▼ 0.76% COLCAP 2,565.55 ▲ 0.68% BVL PERÚ 59,344.04 ▲ 0.31% USD/BRL5.11▲ 0.08% USD/MXN17.25▲ 0.16% USD/CLP946.95▼ 1.30% USD/COP3,195▲ 0.58% USD/PEN3.38▲ 0.03% USD/ARS1,514▼ 0.03% USD/UYU40.14▼ 0.05% USD/PYG5,926▲ 0.34% USD/BOB10.95▲ 10.05% USD/DOP59.26▲ 0.87% USD/CRC443.27▼ 0.27% USD/GTQ7.63▼ 0.05% USD/HNL26.86▲ 0.03% USD/NIO36.62▲ 2.80% USD/VES850.29▲ 0.21% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.76▲ 0.17% EUR/BRL5.86▼ 0.59% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,595.60 ▲ 0.74% IPSA 11,357.82 ▼ 0.21% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,998,956 ▼ 0.76% COLCAP 2,565.55 ▲ 0.68% BVL PERÚ 59,344.04 ▲ 0.31% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Latin America Argentina

Latin Americans Call for Retaliation Over Trump Tariffs While Leaders Opt for Diplomacy

By · April 1, 2025 · 2 min read

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A recent AtlasIntel survey of over 13,800 citizens across Argentina, Brazil, Chile, Colombia, and Mexico reveals deep fissures in Latin American responses to former U.S. President Donald Trump’s proposed tariffs.

Roughly 40% of respondents urge retaliatory measures against U.S. goods, while others push for alliances with China or diplomatic solutions. The findings highlight a region torn between public demands for economic defiance and leaders’ cautious pragmatism.

Three-quarters of Mexicans, Chileans, and Colombians view Trump’s tariffs—slated to expand April 2—as major threats to their economies. Two-thirds expect significant financial fallout. In Mexico, 50% of citizens favor retaliation, mirroring sentiment in Argentina (59%) and Brazil (45%).

Yet leaders like Mexican President Claudia Sheinbaum and Brazil’s Luiz Inácio Lula da Silva avoid aggressive countermeasures, prioritizing negotiations over tariffs on steel and aluminum. This disconnect underscores a balancing act: appeasing voters while averting trade wars.

Latin Americans Call for Retaliation Over Trump Tariffs While Leaders Opt for Diplomacy
Latin Americans Call for Retaliation Over Trump Tariffs While Leaders Opt for Diplomacy.
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Brazil epitomizes the divide. Forty-five percent of its 4,659 surveyed citizens back retaliation, while an equal share prefers deepening ties with U.S. rivals. Forty-seven percent express high anxiety over tariff impacts.

Navigating Trade Tensions with the U.S.

Argentinians show sharper resolve: 59% demand higher duties on American imports, and 23% support curbs on U.S. investments. Chile and Colombia report similar fears, with 75% of respondents bracing for economic strain.

The polling, conducted March 20–24 with a 95% confidence level, exposes Latin America’s fragile reliance on U.S. trade. Tariffs threaten to inflate costs for imported goods and manufacturing inputs, worsening regional inflation.

Retaliation could backfire, economists warn, triggering reciprocal measures and destabilizing export-reliant economies. Historical parallels loom: Trump’s strategy echoes the Smoot-Hawley Tariff Act of 1930, which deepened the Great Depression through tit-for-tat trade barriers.

Despite risks, public appetite for confrontation grows. Mexican respondents, though wary of economic pain, criticize Sheinbaum’s restraint. Brazilian leaders face equal pressure from pro-retaliation and pro-China blocs.

Argentina’s strong anti-tariff stance contrasts with its history of U.S. economic entanglements. Regional governments now weigh short-term stability against long-term sovereignty.

Retaliation might satisfy a frustrated base but risks alienating a key trade partner. Diplomacy offers calmer waters but leaves structural vulnerabilities unaddressed.

With Trump’s “Liberation Day” tariffs approaching, Latin America’s dilemma sharpens: protect domestic interests or navigate a fractured global trade landscape. The choice will shape the region’s economic trajectory for years.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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