Arévalo supports Sheinbaum and Lula proposals to face Trump’s tariff war

The president of Guatemala, Bernardo Arévalo de León, supported on Wednesday, at the IX Summit of Heads of State and Government of the Community of Latin American and Caribbean States (CELAC), the proposals raised by their counterparts in Mexico and Brazil to deal with the commercial war and the world tariffs imposed last week by the United States.

The Guatemalan president expressed, during his speech in Tegucigalpa, his explicit support for the proposal of the Mexican president, Claudia Sheinbaum, to create the Summit for economic well -beingas a regional unit measure against 10% tariffs that Donald Trump imposed last week.

In addition, Arévalo also seconded the proposal of the Brazilian Luiz Inacio Lula da Silva to expand the local currency system in commercial operations between the Member Celac countries.

During his speech, Arévalo stressed that spaces like these summits are fundamental in “the search for joint responses to the problems we are going through as a region.”

Since the imposition of Trump tariffs globally, which entered into force on April 5, Guatemala chose to “expect” the possible economic effects that the measure will bring.

In addition, the Guatemalan president reported Monday that his government will seek to approach the White House to negotiate the reduction or even the elimination of tariffs for his country.

The proposal of the Mexican president, backed by Arévalo, is, according to Sheinbaum, a necessity for the resilience and unity of the region in the face of a threat to world trade and an attempt to achieve a better economic integration before the current crisis. While Lula’s proposal, on payment systems in local currency, is an idea that, at the discretion of the Brazilian president, “will unify the economies of the region before a threat context.”