US Elections 2024: Outlook for Latin America
After polls closed Tuesday night, Donald Trump was declared the winner of the US presidential election, shattering the Democrats’ “Blue Wall” and winning key states that secured his victory in the Electoral College.
In Argentina, under Javier Milei's leadership, ideological alignment and explicit support for Trump could open doors for greater financial flexibility from the IMF and attract investments, though US protectionism may restrict exports and negatively impact the economy.
In Brazil, Lula’s administration will face climate and trade challenges, exacerbated by Trump’s climate skepticism and protectionist stance, as far-right groups gain visibility.
In Colombia, Gustavo Petro’s presidency may see heightened tensions, particularly on issues of drug trafficking and security, with Trump potentially pressing for stricter policies.
For Mexico, Trump plans to reactivate the "Remain in Mexico" program and intensify actions against cartels, threatening the country’s sovereignty and stability. At the same time, Mexico could benefit from the shift of US supply chains away from Asia. This new scenario will demand balanced diplomacy from each Latin American government to adapt to new dynamics with the United States and to seek strategic opportunities.
Read EGA LATAM's full analysis here:
