MercoPress. South Atlantic News Agency
Stories for August 1st 2025
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Friday, August 1st 2025 - 10:47 UTC
US tariffs: Argentina and Uruguay charged only 10%
As the new tariffs scheme established by US President Donald Trump became effective Friday, Uruguay and Argentina were among the least affected countries, with surcharges of only 10%, a steep difference from Canada's 35% or Brazil's 50% and a default 15% surcharge unless otherwise specified.
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Friday, August 1st 2025 - 10:40 UTC
Embraer not included in Trump's 50% tariffs
Brazil’s aircraft manufacturer Embraer will remain outside the scope of US President Donald Trump's 50% import tariffs after aircraft, engines, aviation parts, and components appear on the list of around 700 exempt products. Last week, the company reported that the tariff would render sales unfeasible.
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Friday, August 1st 2025 - 09:40 UTC
IMF Board approves US$2 bn disbursement to Argentina
The International Monetary Fund (IMF) has approved the first review of its agreement with Argentina, authorizing a disbursement of US$2 billion. The decision comes days after the IMF projected a 5.5% growth for the country.
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Friday, August 1st 2025 - 09:37 UTC
Brazil quits International Holocaust Remembrance Alliance (IHRA)
Brazil has withdrawn as an observer member of the International Holocaust Remembrance Alliance (IHRA). This decision came shortly after the South American country announced its plan to join South Africa's genocide case against Israel at the International Court of Justice (ICJ).
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Friday, August 1st 2025 - 09:22 UTC
Trump announces 35% tariffs on Canadian products
US President Donald Trump has raised the tariff rate on Canadian imports from 25% to 35%, effective August 1. The White House justified the increase by stating that Canada has not done enough to “arrest, seize, detain or otherwise intercept... traffickers, criminals at large, and illicit drugs.” Trump also announced Thursday a 90-day moratorium with Mexico after a call with President Claudia Sheinbaum, keeping 25% tariff rates in place.
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Friday, August 1st 2025 - 09:01 UTC
Chile: All tsunami warnings called off
All tsunami threat warnings for Chile were completely canceled after the National Service for Disaster Prevention and Response (Senapred) confirmed Thursday that, based on data from sea level stations and other models, the emergency caused by the 8.8 magnitude earthquake in Russia has officially ended.
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