Economy

Friday, April 11th 2025 - 08:42 UTC
US official admits no more meat to be bought from Argentina

US Secretary of Agriculture Brooke Rollins confirmed that her country would not be purchasing any more meat from Argentina in a protectionist move to preserve local production. “No more meat from Argentina,” she said during a Fox News interview.
Thursday, April 10th 2025 - 19:29 UTC
US Secretary of the Treasury due in Buenos Aires next week

US Secretary of the Treasury Scott K.H. Bessent will arrive in Buenos Aires next Monday to bolster support for Argentine President Javier Milei’s economic reforms, it was announced Thursday.
Thursday, April 10th 2025 - 10:40 UTC
Trump lowers huge tariffs for everybody but ups those for China

US President Donald Trump Wednesday announced a 90-day freeze on reciprocal tariffs for most countries, reducing them to a 10% baseline, while raising tariffs on Chinese goods to 125%, effective immediately. The decision followed negotiations with over 75 nations interested in new trade terms, spurred by Trump’s initial tariff announcements last week.
Wednesday, April 9th 2025 - 10:57 UTC
Trump ups tariffs on Chinese products to 104%

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

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

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

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%

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

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

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.