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MercoPress, en Español

Montevideo, March 10th 2025 - 04:00 UTC

Stories for February 6th 2025

  • Thursday, February 6th 2025 - 13:19 UTC

    EU juggling options for if or when Trump imposes tariffs

    Sefcovic said the EU's response would be firm

    Given US President Donald Trump's tariffs imposition spree that has already hit Mexico, Canada, and China, the European Union (EU) is considering retaliatory measures should these threats materialize. The European Commission is considering using the “anti-circumvention instrument” (ACI), which allows restrictions in response to coerci⁷ve trade actions by other countries.

  • Thursday, February 6th 2025 - 10:07 UTC

    Brazil: Coffee price expected to remain high

    On the New York Stock Exchange, the main contracts for Arabica coffee reached all-time highs

    The Brazilian Coffee Industry Association (ABIC) said it expects prices to continue rising in the coming weeks, at least until this year's harvest, which begins around April or May, due to recent adverse weather coupled with increasing global consumption boosted by exports to the newest customer: China.

  • Thursday, February 6th 2025 - 10:04 UTC

    No free ride for US ships through Panama Canal

    The Government of Panama did agree to give transit priority to US ships

    The Panama Canal Authority Wednesday denied an earlier announcement by the U.S. State Department that ships flying its flag would pass through the iconic interoceanic waterway toll-free.

  • Thursday, February 6th 2025 - 08:30 UTC

    Milei now wants Argentina to quit the Paris Agreement

    Milei's government keeps taking stage countering progressive measures adopted under previous administrations

    After pulling his country from the World Health Organization (WHO), Argentine President Javier Milei admitted Wednesday in an interview with a French outlet that he intended to withdraw from the 2015 Paris Agreement to limit greenhouse gas emmissions to preserve the planet's temperature from rising. “The environmentalist agenda is a real fraud,” said Milei, thus echoing similar recent statements from US President Donald Trump. To withdraw from the Paris Agreement, Law 27.270 would have to b e repealed by Congress.

  • Thursday, February 6th 2025 - 08:23 UTC

    Uruguay's inflation reaches 1.1% in January

    The interannual index fell within the Government's target range

    Uruguay's Consumer Price Index (CPI) went up 1.1% last month and 5.05% interannually, the National Institute of Statistics (INE) said in a report released Wednesday in Montevideo. Wednesday's figures represented a slight improvement for President Luis Lacalle Pou's administration after recording 1.53% in January 2024 for a 5.09% yoy.