Trump Effect on Latin American Currencies

The implementation of policies by Donald Trump since his first day in office in January, such as the expulsion of around 8 million undocumented immigrants to their home countries, will have a significant impact on the remittances of dollars to Latin American countries. This, in turn, will depreciate foreign currencies due to an increase in unemployment, lower local consumption, and high inflation in Latin America.

According to experts, the reduction of remittances will negatively affect the economy of countries like Mexico, which rely heavily on the remittances of their citizens abroad. This could lead to a decrease in demand for goods and services, which in turn would affect the economic stability of the region.

Additionally, Trump's trade policy, which includes tariffs on imported products from China and other countries, could also have a negative impact on foreign currencies. Tariffs could increase the prices of imported goods, which would reduce demand and affect the economy of exporting countries.

In summary, Trump's policies could have a significant effect on foreign currencies, especially in Latin America, due to the reduction of remittances and the protectionist trade policy.

*Economic Consequences*

- Reduction of remittances: decrease in the amount of money that immigrants send to their families in Latin America.

- Increase in unemployment: reduction in the demand for goods and services due to the decrease in remittances.

- Inflation: increase in the prices of imported goods due to tariffs.