Economy

Saturday, July 25th 2026 - 12:39 UTC
Brazilian industry estimates nearly half its US exports will face additional tariffs

Some 48.7% of Brazilian exports bound for the United States will be subject to some form of additional tariff following the entry into force of the new forced-labor levy, according to a study by the National Confederation of Industry (CNI), the country's main industrial employers' body.
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Saturday, July 25th 2026 - 09:22 UTC
Goldman Sachs cuts Argentina's growth forecast to 2.7% and looks ahead to the elections

Goldman Sachs lowered its growth forecast for Argentina's economy in 2026 from 3% to 2.7% and anticipated a possible contraction in activity during the second quarter, according to a report by the bank. The institution also said economic performance will increasingly be assessed against the presidential elections of October 2027.
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Saturday, July 25th 2026 - 09:14 UTC
New US tariff scheme expands Argentine zero-duty lines to 2,212

The new US tariff scheme that took effect on Friday raised to 2,212 the number of Argentine tariff lines that can enter the US market at a 0% rate. To the 1,675 lines already covered by the Reciprocal Trade and Investment Agreement (ARTI), signed on February 5 in Washington, another 537 were added following a review by the Office of the US Trade Representative (USTR).
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Friday, July 24th 2026 - 07:05 UTC
Uruguay faces a 12.5% US tariff as its foreign ministry weighs the implications

Uruguay was placed in the highest band of the new US tariff scheme, with an additional 12.5% levy on its exports to the United States, for not having an explicit ban on the import of goods produced with forced labor. The measure, which took effect on Friday, raises the rate that had applied to the country since February, of 10%.
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Thursday, July 23rd 2026 - 22:37 UTC
World Bank estimates $19.6 billion in earthquake damage in Venezuela

The twin earthquakes that struck northern Venezuela on June 24 caused an estimated $19.6 billion in direct physical damage, according to a preliminary assessment published on Thursday by the World Bank. The figure is equivalent to about 18% of the country's gross domestic product, based on International Monetary Fund data.
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Thursday, July 23rd 2026 - 22:33 UTC
US rebuilds its tariff wall with forced-labor levies on 60 economies

The United States imposed tariffs of between 10% and 12.5% on 60 trading partners, which together account for about 99% of its imports, over what the Office of the US Trade Representative (USTR) described as their failure to adopt and effectively enforce bans on the import of goods produced with forced labor. The measures, announced on Thursday, took effect at 12:01 a.m. on Friday, at the same moment the 10% universal tariff in place since February expired.
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Wednesday, July 22nd 2026 - 22:13 UTC
US court upholds $390 million judgment against Argentina over Aerolíneas

The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected an appeal filed by Argentina and left standing the ruling that recognizes an arbitral award of $390,907,115 in favor of the fund Titan Consortium, over the 2008 expropriation of Aerolíneas Argentinas and Austral Líneas Aéreas Cielos del Sur. The amount was calculated as of December 10, 2024, with subsequent interest to be added.
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Wednesday, July 22nd 2026 - 07:18 UTC
US readies tariffs on some 60 economies over forced labor, with Argentina among them

US Trade Representative Jamieson Greer said his government will announce new tariffs on some 60 economies in the coming days for failing to enforce bans on the import of goods produced with forced labor. “The US has laws to prohibit trading goods with forced labor. Other countries, most of them, don't have a law, and those that do really don't enforce it,” he said on Tuesday in an interview with CNBC.
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Tuesday, July 21st 2026 - 01:05 UTC
Argentina's June trade surplus rises 149% year-on-year on stronger exports

Argentina posted a trade surplus of $2.194 billion in June, a 149.6% increase from the same month in 2025, driven by growth in exports, the National Institute of Statistics and Census (Indec) reported on Monday.
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Sunday, July 19th 2026 - 17:43 UTC
Lula asks Trump to explain 25% tariffs on Brazil, speaks of a “war of truth”

Brazilian President Luiz Inácio Lula da Silva publicly called on his US counterpart, Donald Trump, to explain the reasons behind the 25% tariffs he imposed on most Brazilian products, a measure Brasília attributes to political rather than commercial motives. The levies, announced on July 15 by the Office of the US Trade Representative, will take effect on July 22.
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