Trump has “only” imposed the reciprocal minimum tariff of 10 percent on almost all South American countries. What is the reason for this and what consequences could it have for the region?

Even if he will still change his customs policy, the damage has already been done: Investors are unsettled and will reduce their investments in the country. This will affect German companies in particular.

Because of Trump, the region will seek to expand relations with other partners. China in particular will benefit from this, but Europe also has the opportunity to strengthen cooperation.

The country is currently readjusting its position in global politics. This could become a strategic advantage for the most important investment location for the German economy in South America.

For four years, the country was an international pariah. That is changing. The German economy should keep an eye on Venezuela again.

A more agile funder with more risk appetite and capital would be an asset to the region.