Latin America Could Pursue Free Trade Without the US

Andrés Velasco: “How should Latin America respond to US President Donald Trump’s America-first approach to the global economy? Here’s one possible answer: build a free-trade area of the Americas without the United States.”

“One reason why a region-wide trade deal foundered was that proud Brazil was unwilling to attend a party whose main host was the US. But if Trump sticks to his protectionist promises, we will no longer have to worry about US-Brazil rivalry within the same trade agreement.”

“In the past, US farm subsidies were also deal-breakers for large agricultural exporters like Argentina and, again, Brazil. With the US out of the picture, this also becomes a non-issue.”

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