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Many Latin American officials watched U.S. President Donald Trump\u2019s tariff announcement on Wednesday with bewilderment. Trump plans to hit all countries with baseline 10 percent duties, but around 60 trade partners will face even higher rates. The Trump administration calculated<\/a> the so-called reciprocal tariff rate based on the U.S. trade deficit with each country.<\/p>\n Countries that have tried to get close to Trump generally received no special treatment. Right-wing Argentine President Javier Milei has tilted<\/a> his foreign policy toward the United States, even proposing<\/a> a bilateral trade deal to Trump advisors. But Argentina was hit with the same tariff rate as Brazil, which has a left-leaning government and which Trump has criticized<\/a> for protectionism.<\/p>\n<\/p><\/div>\n Many Latin American officials watched U.S. President Donald Trump\u2019s tariff announcement on Wednesday with bewilderment. Trump plans to hit all countries with baseline 10 percent duties, but around 60 trade partners will face even higher rates. The Trump administration calculated<\/a> the so-called reciprocal tariff rate based on the U.S. trade deficit with each country.<\/p>\n Countries that have tried to get close to Trump generally received no special treatment. Right-wing Argentine President Javier Milei has tilted<\/a> his foreign policy toward the United States, even proposing<\/a> a bilateral trade deal to Trump advisors. But Argentina was hit with the same tariff rate as Brazil, which has a left-leaning government and which Trump has criticized<\/a> for protectionism.<\/p>\n The United States has a trade surplus with both Argentina<\/a> and Brazil<\/a>, so they each received the minimum 10 percent rate. Other large Latin American economies such as Chile, Colombia, and Peru also face 10 percent tariffs, lower than the new duties<\/a> of upward of 20 percent and 30 percent that Washington slapped on major trading partners in Europe and Asia.<\/p>\n Read more in today\u2019s Latin America Brief: What Trump\u2019s Latest Tariffs Mean for Latin America<\/strong><\/a><\/p>\n<\/p><\/div>\n This post is part of FP\u2019s ongoing coverage of the Trump administration<\/i>. <\/i>Follow along here<\/a>.<\/em><\/p>\n<\/p><\/div>\n<\/p><\/div>\n