Carlos Acevedo Says Trumps Economic Protectionism would affect Salvadoran economy negatively in 2025
Former BCR president, who sees “zero” possibilities for Biden, believes that a geopolitical decision could also harm El Salvador.
Carlos Acevedo, former president of theCentral Reserve Bank (BCR)He thinks a triumph ofDonald TrumpIn the U.S. presidency next November, it could have “negative impacts” on the Salvadoran economy from 2025 onwards.
“Yes, because of the domino effect. First, it is known that Trump is a fan or supporter of thetrade protectionismLast time he locked tariffs on steel imports and lots of products from his trading partners and warned he will do so again. So that has repercussions that cannot always be anticipated,” said the economist, in statements to Diario El Mundo.
According to Acevedo, who after the debate between the two American contenders sees“zero” electoral possibility for Bidensome “class madness geopolitical“could also have negative international repercussions on which “El Salvador leaves laundry” He mentioned that because of the fiscal situation the Salvadoran situation is more vulnerable.
Carlos Acevedo, former president of the Central Reserve Bank (BCR) He thinks a triumph of Donald Trump In the U.S. presidency next November, it could have “negative impacts” on the Salvadoran economy from 2025 onwards.
“Yes, because of the domino effect. First, it is known that Trump is a fan or supporter of thetrade protectionism. Last time he locked tariffs on steel imports and lots of products from his trading partners and warned he will do so again. So that has repercussions that cannot always be anticipated,” said the economist, in statements to Diario El Mundo.
According to Acevedo, who after the debate between the two American contenders sees“zero” electoral possibility for Biden some “class madness geopolitical” could also have negative international repercussions on which “El Salvador leaves laundry” He mentioned that because of the fiscal situation the Salvadoran situation is more vulnerable.
Any expansive waves in the global economy hit us too. If oil prices rise because it gets into a conflict in the Middle East it immediately affects the international hydrocarbon market. It hits everyone and there we go we’re going in that laundry.
Carlos Acevedo,
Former president of the BCR.
“He’s a bit supportive of Putin And that I agree with him, because I am also a supporter of Putin, but he has said that the problem of Ukraine solves it in 24 hours, which I don’t think I can do, but that would generate tensions with his partners in the NATO (North Atlantic Treaty Organization),” he said, although he later said: “I don’t think they’re going to retaliate against the United States because the United States helps Putin or favors Putin.”
The economist said he is “Putin’s party” because “they have been provokingRussia“be and “beside, the United States would not allow, for example, to be put on missiles on the northern border of Mexico. “Unthinkable. Well, the same thing on the other side,” he said. However, Acevedo also does not endorse an annexation of Ukraine to Russia.
For Acevedo, it’s true that theSalvadoran president Nayib Bukele, he’d get along much better withDonald TrumpBut he felt that would not make much difference in the current political relationship betweenUnited States and El Salvador.
“In fact the relationship with the United States is already in very good terms, now, possibly improving a little more with Trump, but I don’t think that would affect development assistance on the part of the United States, some special financial support that already needs to help an economic revival, I don’t think so,” he said.
The former ex-serr asserts that, “in a strategic analysis of scenarios,”If he were a “member of the government’s analyst team,” he “syd not rule out a worsening of global conditionsas a result of Trump’s decision,” although he clarifies that he believes the government does not have this factor on the radar.
I like Biden, as a statesman it’s been good, but he’s just been a fool to want to run for a second period. He was already in the White House as vice president for two terms. It has been irresponsible, reckless, of the Democrats to have let him run.
Carlos Acevedo,
Former president of the BCR.
This article has been translated after first appearing in Diario El Mundo