Tag: Tariffs

Thursday, March 6th 2025 - 21:14 UTC
Trump postpones tariffs on Mexican items at least until April 2

US President Donald Trump announced a temporary exemption from new 25% tariffs for goods from Mexico covered under the 2020 United States-Mexico-Canada Agreement (USMCA). The Republican leader adopted the measure following a telephone conversation with Mexican President Claudia Sheinbaum. The exemption, effective until at least April 2, reverses tariffs imposed earlier this week, aimed at addressing fentanyl trafficking and trade imbalances.
Wednesday, March 5th 2025 - 10:38 UTC
Trump's tariffs become effective, but new compromise expected

The United States implemented tariffs on imports from Mexico, Canada, and China, triggering responses from these nations and causing a market meltdown. The tariffs include a 25% levy on imports from Mexico and Canada and an increase from 10% to 20% on goods from China. The move seeking to address fentanyl trafficking and border security has failed to meet expectations.
Tuesday, May 31st 2022 - 10:52 UTC
Elimination of a “Brazil cost” item represents a further 1,5 percentage point reduction in tariffs

The Brazilian government is drafting a presidential decree to change tax revenue mechanisms, which the economic team argues it will lead to a 1.5 percentage point reduction in the rates levied on all imported products. This is part of president Bolsonaro's administration policy of (gradually) opening the Brazilian economy to foreign competition.
Saturday, October 9th 2021 - 09:55 UTC
Agreement reached between Argentina, Brazil to cut down common external tariffs by 10%

The Governments of Argentina and Brazil Friday agreed to cut down the common external tariffs (CET) by 10% “in a very wide universe of products” after months of tensions among members of Mercosur on the issue.
Monday, June 7th 2021 - 09:05 UTC
Cardoso and Lula da Silva support Argentina in the Mercosur tariff reduction controversy

Former Brazilian presidents Fernando Henrique Cardoso and Lula da Silva signed a statement in which they support Argentina's position in the Mercosur controversy regarding a flat unilateral tariff reduction as sponsored by president Jair Bolsonaro, with the backing of Uruguay, but rejected by President Alberto Fernandez.
Friday, June 4th 2021 - 09:55 UTC
Lacalle Pou wants Uruguay to compete in an unprotected foreign trade scenario

Uruguayan President Luis Lacalle Pou said Thursday during the virtual Export Day celebrations that “we like to play on a large court, and not on a small, protected one.”
Monday, May 3rd 2021 - 09:56 UTC
Argentine Ambassador to Mercosur wants new tariffs to boost local production

Argentina's Ambassador to Mercosur Mariano Kestelboim Sunday said he favoured “a new common external tariff that promotes productive development.”
Monday, January 11th 2021 - 09:40 UTC
Covid-19: Brazil reduces to zero import tariffs for syringes and needles

Brazil has reduced import taxes and tariffs to zero for products used to combat Covid-19, including syringes and needles classified under codes 9018.31.11, 9018.31.19, 9018.31.90, 9018.32.19, and 9018.39.10 of the Mercosur Common Nomenclature. The products are included in the list of temporary tariff reductions covered by Gecex (Executive Management Committee of the Chamber of Foreign Trade), Resolution 17, from 17 March 2020.
Saturday, December 19th 2020 - 09:05 UTC
US record imports from China in 2020, despite Trump administration's tariffs

Despite the Trump administration's tariffs on Chinese goods and the ongoing COVID-19 pandemic, U.S. imports from China are surging as the year 2020 draws to a close, The New York Times reported.
Thursday, November 26th 2020 - 08:21 UTC
France demands online technology giants to pay a “new digital tax” on 2020 profits

France will require online technology giants to pay a new “digital tax” on their 2020 earnings, the finance ministry said on Wednesday, despite Washington's warning that it could retaliate with new tariffs on French imports.