How the trade war between the United States and China affects Latin America

Abstract

This article analyzes the ongoing trade war between the United States and China, which is jeopardizing the tariff policies of countries dependent on these major economies due to this power struggle. This is causing the products traded by these two powers to become increasingly expensive and leading to a decline in free trade. Using precise data, the article analyzes the direction these trade negotiations are heading. The current US president, Donald Trump, does not advocate for imports, but rather a return to national prosperity and abandoning the golden pill of globalization and the new world order, which, far from providing benefits, has further complicated the trade aspirations of emerging economies. In simple terms, a trade war can be defined as the pursuit of one's own commercial interests without regard for the harm caused to others, resulting in a financial burden driven by mutual selfishness. The background to this entire commercial situation is supported by precise data extracted from articles developed to provide a comprehensive explanation of this problem that affects the world globally.