donald trump will be the new president of the United Statesafter sweeping the elections for this position, in which he competed with the Democratic candidate and current vice president of this nation, Kamala Harris.
His return to the White House will come with a series of changes on the different fronts that the North American country has, more specifically in its immigration policy, international relations and war on drug trafficking. something that would put Colombia on its future agenda as president of the main power in the world..
(Further: What is at stake for Colombia with Trump’s arrival to power).
According to experts, The second presidency of the New York magnate will have direct and indirect effects in Colombia and a series of challenges at the economic level and in commercial and diplomatic relations between the two nations.
“This would have a direct impact on the exchange rate in Colombia, raising the TRM and making imports more expensive, which can affect the cost of living and input costs for the Colombian industry.“, he indicated Álvaro Humberto Ojeda, executive vice president of Values AAA, Investment Banking (BVC).
In 2023, 12 years of the Free Trade Agreement between Colombia and the United States will be celebrated.
iStock
However, on trade issues, Colombia moves little or nothing to the interests that are a priority for Trump, in case a renegotiation of the free trade agreement is desired, according to the Associate Director of Control Risks, Theodore Kahn.
“We have to see how aggressive Trump ends up being on the issue of tariffs because I think that will largely determine the implications for growth prospects globally and also for key economies.”, he noted.
(Further: Harris accepts defeat, but does not give up the fight that fueled her campaign).
However, The Colombian Government is confident that the close relationship with the United Statesbased on collaboration against drug trafficking, is maintained under the second Trump administration.
Although differences may arise, “it is important to find a common place“on the issue of drug policy, consider the Minister of Foreign Affairs, Luis Gilberto Murillo.
Donald Trump was re-elected US president.
EFE
Trump”will pay greater attention to issues related to security, migration and trade“In contrast to the Joe Biden government, he estimates María Claudia Lacouture, president of AmCham Colombia.
Although ‘America First’ policies protect critical US industries, Colombia is not vulnerable to these measures due to its low dependence on imports of sensitive goods, adds this analyst..
(Besides: Tesla also benefited in the markets from Trump’s victory).
El Salvador fears mass deportations and is waiting for the immigration issue due to the threat of mass deportations of Salvadorans, one of Donald Trump’s proposals. Millions of Salvadorans live in the United States illegally, but they are the main economic support for their families in El Salvador.
Remittances from the United States represent the country’s main economic engine. In the period from January to July 2024, El Salvador received 4,756 million dollars in remittances, an interannual increase of less than 1% compared to the same period in 2023.
However, the President Nayib Bukele maintains a close relationship with Trumpas was evident during the first Administration of the former president, where both Governments had good relations without tensions.
PORTFOLIO
