On his social media account “X,” President Gabriel Boric said that “we are working with the agro-export sector” and also “the market diversification policy, which is expressed in the modernization of the agreement with the European Union (EU) and the new agreements with India.”

Amid the trade war that began after the United States imposed tariffs—which yesterday caused a collapse in global stock markets, a surge in the dollar, and increased tensions between Donald Trump and China—Chilean President Gabriel Boric announced measures in this regard.

At the local level, the head of state announced that he had convened a "high-level committee" to protect and enhance the strategy for critical minerals, including copper and lithium, which are essential for the energy transition at this time.

In addition, the president said on his social media account "X," "we are working with the agricultural-export sector" and also "the market diversification policy, which is expressed in the modernization of the agreement with the European Union (EU) and the new agreements with India."

Boric then announced that he will make a state visit to Brazil to continue strengthening trade ties.

It's worth remembering that the president was recently in India, and in the midst of the trade war initiated by Trump, he said that Trump represented everything he rejected.

“We don't want to depend on a single country, much less a single leader. He, Mr. Trump, represents everything I oppose (…). My country's strategy is to diversify, interconnect, and cooperate with all nations. That's why my trip to India is important. We are no longer dependent on the United States. We don't like abusive governments; we believe that the way countries can develop, in the long term, is by taking care of their institutions,” Boric said in an interview with The Indian Express .

Along those same lines, Economy Minister Nicolás Grau highlighted Chile's strategy in this regard, and that our economy is "well prepared" for the trade war. He praised the ties being strengthened with India.

Yesterday was a Black Monday for the markets. Global stock markets plummeted, as did the price of copper and Brent crude oil, which reached four-year lows.

"This is a significant and unprecedented shock," Chilean Central Bank President Rosanna Costa cautiously emphasized this morning.

He said it's still too early to discuss the magnitude of the local impacts of a trade war that continues to escalate.