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MercoPress, en Español

Montevideo, May 18th 2025 - 15:55 UTC

Economy

  • Wednesday, April 9th 2025 - 10:57 UTC

    Trump ups tariffs on Chinese products to 104%

    Beijing will have to “make a deal at some point,” Trump stressed

    US President Donald Trump has escalated the trade war with China by imposing a 104% tariff on all imports from that country, effective immediately, the White House announced Tuesday. This follows China’s retaliatory 34% tariff on US goods to take effect on Thursday.

  • Wednesday, April 9th 2025 - 08:04 UTC

    Mercosur forecasts excellent rice crop, but with India back in the market, prices are expected to fall

    Record rice harvests in Uruguay but logistic costs are too high and tariffs are also a challenge

    Mercosur is expecting one of the best rice harvests of the last decade, and particularly in Uruguay (exporter of prime quality rice), yields of harvested fields are indicating possible new records. However Uruguay rice farmers are facing trade, price and logistics hurdles, according to farmer Karol Pinczak.

  • Wednesday, April 9th 2025 - 07:36 UTC

    Strong global market for beef, but Argentina is not keeping pace with other main exporters, BCR report

    In the first two months of 2025, main exporters, Brazil, Australia, Uruguay and Paraguay increased volume and revenue from sales of beef, while Argentina shipped 26% less

    Argentina’s beef exports totaled 96,805 metric tons in the first two months of 2025, down 26.1% from the same period in 2024, according to a report from the Rosario Board of Trade BCR. This has meant that in terms of revenue, exports fell 3.8% year-over-year to US$474.5 million for January and February combined.

  • Tuesday, April 8th 2025 - 10:55 UTC

    Brazil strong enough to weather Trump's tariffs, says Lula

    Brazil's economy “only depends on us Brazilians,” Lula argued

    Brazilian President Luiz Inácio Lula da Silva Monday underscored his country's strong international reserves (US$ 370 billion) to withstand global challenges, including Donald Trump's tariffs. He also highlighted his administration's measures to boost credit and consumption.

  • Tuesday, April 8th 2025 - 09:17 UTC

    Economists forecast Argentina's inflation to near 3%

    The REM did not include recent shakeups from Trump's tariffs

    Argentina's Central Bank's (BCRA) issue of the Market Expectations Outlook (Relevamiento de Expectativas del Mercado - REM) released Monday with data collected between March 27 and 31 among 39 experts raised the inflation forecast for last month to 2.6% from the previous 2.2%, which would represent an acceleration from January’s 2.2% and February’s 2.4%.

  • Tuesday, April 8th 2025 - 08:05 UTC

    Nobody interested in modernizing key bridge linking Argentina and Brazil

    The bridge handles 23% of the trade between Argentina and Brazil

    Brazilian authorities canceled the auction for the São Borja-Santo Tomé International Bridge due to a lack of bidders. The project -requiring a US$ 99 million investment over 25 years- sought to modernize the 15.62-kilometer structure with upgrades like new access lanes, parking areas, and improved lighting.

  • Monday, April 7th 2025 - 23:14 UTC

    Markets slump worldwide amid Trump’s tariff war and recession fears

    Donald Trump's tariffs set stock markets worldwide on a slide

    US stocks experienced significant volatility Monday amid a global trade war sparked by President Donald Trump’s tariffs. In addition, Washington threatened China to impose an additional 50% surcharge if Beijing does not retract its own 34% increase by Tuesday.

  • Monday, April 7th 2025 - 10:57 UTC

    Trump’s 41% tariff on Falklands, “biggest threat since Argentine invasion”, Liberal Democrat leader

    MP Ed Davey, Prime Minister should invite Falklands’ governor to an urgent meeting in Downing Street

    The leader of UK’s Liberal Democrats, Ed Davey has called on the Prime Minister to meet with the Falklands Governor, after President Trump announced tariffs of 41% on exports from the Falkland Islands to the United States.

  • Monday, April 7th 2025 - 10:12 UTC

    Early dawn stock markets show significant declines

    Donald Trump's tariffs set stock markets worldwide on a slide

    Australia's and most Asian stock markets experienced significant declines early Monday amid the global tariff war triggered by U.S. President Donald Trump. The Hang Seng Index in Hong Kong dropped 9.1% to 20,778.10, with a peak intraday fall of 10.2%, marking its worst day in over a year. Across the Asia-Pacific, 11 of 14 equity markets hit 52-week lows. In mainland China, the CSI 300 Index fell by 7.6%, while the Shanghai and Shenzhen Composite Indexes dropped by 7.4% and 9.8%, respectively. Japan’s Topix and Nikkei indexes also slumped, by 9.6% and 6.5%, respectively.

  • Saturday, April 5th 2025 - 10:09 UTC

    Trump's measures make dollar rise in Brazil

    Emerging markets such as Brazil were hit hard by developments in the US

    The quotation between the Brazilian real and the US dollar rose Friday to US$ 1 / R$ 5.83 after China announced retaliatory 34% surcharges against US President Donald Trump's tariffs, which fueled fears of a global recession, triggering turbulence in financial markets.