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MercoPress, en Español

Montevideo, December 5th 2025 - 09:41 UTC

Economy

  • Friday, July 11th 2025 - 19:37 UTC

    Brazil maneuvering to resume chicken exports to Europe

    Brazil reportedly stopped exporting about 123,000 tons of chicken due to the avian flu detection

    Brazil's Agriculture Minister Carlos Fávaro held a videoconference with EU Commissioner for Health and Animal Welfare, Olivér Várhelyi, this week to discuss lifting restrictions on the Brazilian chicken meat exports imposed after an outbreak of Highly Pathogenic Avian Influenza (HPAI) at a commercial farm in Montenegro, Río Grande do Sul, in May.

  • Friday, July 11th 2025 - 10:55 UTC

    Brazil to look elsewhere in light of Trump's tariffs

    Fávaro said alternatives were being sought for profuts that would become unaffordable to US consumers

    Brazil's Ministry of Agriculture and Livestock (Mapa) has been entrusted with seeking new markets to replace placements that may be affected by US President Donald Trump's 50% tariffs, in a move to minimize the measure's impact, Minister Carlos Fávaro confirmed Thursday.

  • Friday, July 11th 2025 - 10:23 UTC

    Bolsonaro respects and admires Trump's government

    Bolsonaro claimed that such a measure would not have occurred under his administration

    Former Brazilian President Jair Bolsonaro expressed his “respect and admiration for the United States Government” after Wednesday's announcement that all Brazilian exports would be slapped with a 50% tariff. The retired Army captain insisted that he took the news “with a sense of responsibility.”

  • Friday, July 11th 2025 - 10:12 UTC

    Nobel laureate claims Trump's tariffs on Brazil politically motivated

    In Krugman's opinion, the measures unveiled by Trump are also arguments for opening impeachment proceedings against him

    American Economist Paul Krugman, a New Keynesian expert who once received the Nobel Prize, has been heavily critical of President Donald Trump, saying that the Republican leader was “evil and megalomaniacal” after the 50% tariffs imposed on all Brazilian products and insisted the measure reverberated in his own country.

  • Tuesday, July 8th 2025 - 22:22 UTC

    Trump announces 50% tariff on copper - concern mounts in Chile

    The 50% tariff on copper is consistent with previous tariffs imposed on steel and aluminum

    US President Donald Trump on Tuesday announced a 50% tariff on copper imports and stated he was considering a 200% tariff on pharmaceutical products if manufacturers do not move their operations to the United States. These announcements were made during a cabinet meeting, though no official executive order has yet been published on the White House website.

  • Monday, July 7th 2025 - 09:36 UTC

    BRICS Summit insists on two-state solution for Middle East crisis; Iran objects

    “The fear of a nuclear catastrophe has returned to everyday life,” Lula also pointed out

    The 17th BRICS Summit in Rio de Janeiro issued Sunday a new declaration advocating for a two-state solution, one Palestinian and one Israeli, like on previous occasions.

  • Monday, July 7th 2025 - 09:30 UTC

    IMF and WB “a reversed Marshall Plan” says Lula

    “The distortions are undeniable,” Lula said

    Brazilian President Luiz Inácio Lula da Silva Sunday criticized the role of the International Monetary Fund (IMF) and the World Bank (WB) because they represent “a reverse Marshall Plan, in which emerging and developing economies finance the more developed world.”

  • Saturday, July 5th 2025 - 10:53 UTC

    Uruguay's inflation closer to target

    Tolosa highlighted the effectiveness of using interest rates as a monetary policy tool

    Uruguay's year-on-year inflation rate dropped to 4.59% in June, marking its fourth consecutive monthly decline. This figure is very close to Uruguay's Central Bank (BCU) target of 4.5% and keeps inflation within the 3% to 6% tolerance range for the 25th consecutive month.

  • Thursday, July 3rd 2025 - 10:19 UTC

    S&P doowngrades Bolivia's ratings

    S&P did not rule out further downgradings in the coming months

    Standard & Poor's (S&P) downgraded Bolivia's long-term credit rating from 'CCC+' to 'CCC-' with a negative outlook. This decision was driven by increasing debt servicing costs and a deteriorating external financial profile, which could make it harder for the landlocked country to access financing and potentially hinder its ability to pay off debt in the coming months.

  • Wednesday, July 2nd 2025 - 23:34 UTC

    Mercosur-EFTA FTA announced in Buenos Aires

    Meetings of Foreign and Economy Ministers preceded the Mercosur Summit, bringing leaders together on Thursday

    The Southern Common Market's (Mercosur) Summit in Buenos Aires kicked off Wednesday with the announcement by Argentina, Brazil, Paraguay, and Uruguay of a Free Trade Agreement (FTA) finalized with the European Free Trade Association (EFTA - Iceland, Liechtenstein, Norway, and Switzerland). The documents are to be signed in the coming months.