Latin America may have more to gain than lose in a U.S.-China trade dispute, so long as it does not spiral into a global recession, provoking trade war. China and the U.S. are both the world’s largest customers of and suppliers to Latin America. Punitive tariffs levied by the U.S. against Chinese  products and vice-versa will create supply gaps that Latin America can fill. A tax on Chinese and American exporters equates to a subsidy to Latin American exporters. Latin American producers, particularly Mexican exporters, can displace Chinese competitors in the U.S. marketplace, particularly in steel, aircraft engines and parts, HVAC equipment, electrical equipment, medical consumables, and some vehicles. Chinese tariffs on U.S. imports open the door for South American […]