Global South Unites Against New US Tariffs

In a bold move, the Trump administration has slapped fresh tariffs on multiple Latin American nations—ranging from 10% for major economies like Brazil and Argentina to up to 38% for Venezuela. Analysts say this could spark a historic shift: Global South countries might finally band together to reduce reliance on Western economic systems.

Latin America’s economies, heavily dependent on exporting raw materials like soybeans and copper, are feeling the squeeze. Even a 10% tariff hits hard for countries where inflation and slow post-pandemic growth are already straining wallets. The UN’s ECLAC recently cut its 2025 growth forecast for the region to just 2%, citing "exceptional uncertainty" caused by US policies.

But here’s the twist: This pressure could backfire. Experts suggest tariffs might push Global South nations to accelerate regional trade partnerships, invest in value-added industries, and redefine their economic playbook. Think of it as a real-life game of Risk—only with trade deals instead of armies.

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Global South nations poised to strengthen cooperation

cgtn.com