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MercoPress, en Español

Montevideo, July 22nd 2025 - 23:31 UTC

Tag: tariff

  • Thursday, July 17th 2025 - 09:17 UTC

    NATO Chief warns of “consequences” for countries trading with Russia

    Rutte wants these countries to pressure Moscow into discussing peace in Ukraine

    NATO Secretary General Mark Rutte has issued a stern warning to India, China, and Brazil, stating they will face “consequences” if they continue significant trade with Russia, particularly in energy. This warning follows an announcement by US President Donald Trump, who threatened to impose 100% secondary tariffs on purchasers of Russian exports if a peace agreement for Ukraine is not reached within 50 days.

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  • Tuesday, July 8th 2025 - 08:36 UTC

    Trump imposes 25% tariffs on Japan, South Korea, and other countries

    “This 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have,” Trump argued

    US President Donald Trump announced new tariffs of at least 25% on most goods imported from 14 nations, including Japan and South Korea, effective August 1. These tariffs are part of his “Make America Wealthy Again” initiative, aimed at reducing trade deficits and boosting domestic manufacturing.

  • Friday, April 11th 2025 - 08:42 UTC

    US official admits no more meat to be bought from Argentina

    “The strategy and the plan are moving forward,” Rollins explained

    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.

  • 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 - 09:40 UTC

    Israel to suppress all tariffs on US goods, Netanyahu tells Trump

    Washington will not necessarily reciprocate given the aid already given to Israel, Trump noted

    Israeli Prime Minister Benjamin Netanyahu Monday said at the White House that his Government would eliminate tariffs and trade barriers on US imports to address the trade deficit with Washington. He made those remarks amid global market declines of over 7%, triggered by tariffs imposed by President Donald Trump, which amount to 17% in the case of Israel.

  • 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%.

  • 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.

  • Tuesday, March 4th 2025 - 09:29 UTC

    Canada will retaliate if Trump moves on with tariffs

    Joly said Trump was causing “unpredictability and chaos”

    Canada's Foreign Minister Mélanie Joly announced Monday that her country was ready for if or when US President Donald Trump decides to move on with the 25% tariffs currently on pause following a telephone understanding with acting Prime Minister Justin Trudeau.

  • Monday, August 17th 2020 - 08:14 UTC

    UK Trade Secretary pledges to fight US tariffs on Scotch whisky

    The U.S. government said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods as part of a long-running trade dispute

    British Trade Secretary Liz Truss pledged to fight U.S tariffs on Scotch whiskey, calling them “unacceptable and unfair” in an op-ed in the Telegraph on Sunday. “I will fight to consign these unfair tariffs to the bin of history”, she wrote while accusing the European Union of failing to protect British and Scottish interests.

  • Tuesday, May 19th 2020 - 08:02 UTC

    China slaps 80% tariff on Australian barley alleging subsidies and dumping

    Beijing on Monday announced 80,5% tariffs of Australian barley after finding Australian subsidies and dumping had “substantially damaged domestic industry”

    Australia is “disappointed” China has imposed massive tariffs on its barley and will consider taking the dispute to the World Trade Organization, the country's agriculture minister said on Tuesday.

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