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Ex-undersecretary: Chile must remain economically unaligned with US or China
๐Ÿ‡จ๐Ÿ‡ฑ Chile /Economy & Trade

Ex-undersecretary: Chile must remain economically unaligned with US or China

From Cooperativa · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • Former Undersecretary for International Economic Relations Claudia Sanhueza emphasizes Chile's need to remain economically unaligned with the US or China.
  • She highlighted the impact of US tariffs, which affect economies importing goods to the United States.
  • Sanhueza noted that Chile's Free Trade Agreement with the US covers 11,000 products, indicating a significant existing economic relationship.

Chile must maintain economic neutrality, refusing to align with either the United States or China, according to former Undersecretary for International Economic Relations Claudia Sanhueza. This stance is crucial amid the ongoing trade war between the two global superpowers.

Sanhueza pointed to the impact of U.S. tariffs, explaining that levies of 10% or 12.5% are not specific to Chile but represent a broader U.S. policy affecting various economies. She spoke during a discussion about a meeting between U.S. representative Jeffrey Goettman and Chile's Undersecretariat for International Economic Relations, concerning trade negotiations with the Trump administration over tariff impositions.

These tariffs of 12.5% or 10% that existed last year are tariffs that are not exclusive to Chile. They are a policy of the United States against the world and affect the economies that import some product to the United States.

โ€” Claudia SanhuezaExplaining the broad impact of U.S. tariffs during an interview.

Despite the call for neutrality, Sanhueza acknowledged Chile's existing economic ties with the U.S., noting that their Free Trade Agreement liberalizes trade for 11,000 products. This underscores the delicate balance Chile must strike between asserting its economic independence and managing its established trade relationships.

a Free Trade Agreement with the United States that has liberalized 11 thousand products

โ€” Claudia SanhuezaDescribing the scope of Chile's trade agreement with the U.S.
DistantNews Editorial

Originally published by Cooperativa in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.