Economy and Finance Minister Jose Salardi on Monday stated that it is still too early to assess the
impact that the imposition of 10% tariffs by the United States on Peruvian products would have on the South American country's economy.
"At the ministerial level, we are engaged in discussions with trade associations and among ourselves to address, if necessary, measures that could minimize the impact," Salardi said.
"It is still very premature to have exact figures on the potential impact; we have to keep watching how the markets evolve, which is why we are coordinating with trade associations and exporting companies to take any contingency measures we might need," he added.
During
the presentation of the portfolio of 31 water and sanitation projects promoted by the Government, the minister announced that this week, following the Council of Ministers session, there will be a broader presentation on the productive sectors involved.
"We have seen the reaction of the stock markets (around the world), and definitely, those countries that have been hit with higher tariffs are the ones that have reacted more negatively. For now, we need to keep watching because the markets will move depending on the activities that are being taxed," he added.
The Cabinet member emphasized that the Peruvian economy had a good start in the first months of this year and is expected to continue along that path, although the real impact of the U.S. tariffs will be evaluated later.
"We have raised the growth projection to 4% and are maintaining it; we are on that path. At the same time, we will assess how the tariff issue develops and ultimately determine the overall net effect, between those who may gain or lose, to have a more precise figure," Salardi said.
"We are seeing good numbers; March, which just ended, also seems to show a significant growth rate, and tax revenue has increased by around 20%. These are indicators that reflect the economic strength we currently have, but we remain watchful and expectant of what may happen," he concluded.
(END) CNA/JMP/MVB
Published: 4/7/2025