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MercoPress, en Español

Montevideo, August 12th 2026 - 08:27 UTC

Economy

  • Wednesday, July 29th 2026 - 23:03 UTC

    IMF chief arrives in Montevideo for talks with Orsi and the economic team

    Georgieva wrote on the social network X that she was pleased to be in Uruguay and keen to learn more about a country that has built a solid record of macroeconomic stability

    International Monetary Fund Managing Director Kristalina Georgieva arrived in Montevideo for talks on Thursday with President Yamandú Orsi and the country's senior economic officials, on a visit made at the invitation of the Uruguayan government.

  • Wednesday, July 29th 2026 - 20:24 UTC

    Fed holds rates for fifth straight meeting as three officials push for a hike

    It was the second meeting chaired by Kevin Warsh, who took over the central bank in May

    The US Federal Reserve left interest rates unchanged on Wednesday in a range of 3.5% to 3.75%, the fifth consecutive meeting without a move, in a decision that exposed an unusual internal split and left the door open to tightening in September.

  • Saturday, July 25th 2026 - 12:39 UTC

    Brazilian industry estimates nearly half its US exports will face additional tariffs

    The study, released on Thursday, details that the new 12.5% rate reaches 4,060 Brazilian products

    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.

  • Saturday, July 25th 2026 - 09:22 UTC

    Goldman Sachs cuts Argentina's growth forecast to 2.7% and looks ahead to the elections

    Despite the revision, the bank considered that the economy is “expanding at a moderate pace” and maintained a favorable assessment of several aspects of the economic program

    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.

  • Saturday, July 25th 2026 - 09:14 UTC

    New US tariff scheme expands Argentine zero-duty lines to 2,212

    Argentina was also placed in the lowest band of the new regime, with an additional 10% tariff, the same rate that previously applied

    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).

  • Friday, July 24th 2026 - 07:05 UTC

    Uruguay faces a 12.5% US tariff as its foreign ministry weighs the implications

    Sources at the Foreign Ministry confirmed the decision and said its implications are being analyzed, while noting that the outcome “was within expectations”

    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%.

  • Thursday, July 23rd 2026 - 22:37 UTC

    World Bank estimates $19.6 billion in earthquake damage in Venezuela

    The disaster struck a country with a poverty rate above 76% and an economy that contracted sharply over the past decade, in a period marked by US sanctions

    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.

  • Thursday, July 23rd 2026 - 22:33 UTC

    US rebuilds its tariff wall with forced-labor levies on 60 economies

    The levies are applied under Section 301 of the 1974 trade law, which allows a response to unfair trade practices following an investigation

    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.

  • Wednesday, July 22nd 2026 - 22:13 UTC

    US court upholds $390 million judgment against Argentina over Aerolíneas

    The decisive legal point was the statute of limitations

    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.

  • Wednesday, July 22nd 2026 - 07:18 UTC

    US readies tariffs on some 60 economies over forced labor, with Argentina among them

    The proposal, put forward by Greer's office in June following an investigation launched in March, contemplates two tiers

    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.