Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 13th 2026 - 06:07 UTC

Tag: Tariffs

  • Thursday, July 31st 2025 - 09:34 UTC

    Chile dodges US's 50% tariffs on copper

    The announcement was welcomed in Santiago by Minister Aurora Williams and other officials

    US President Donald Trump's 50% tariff on copper imports will not apply to Chile's primary export to the United States: refined copper cathodes. This decision, announced in a White House proclamation, has been met with relief and celebration by officials in Santiago.

  • Wednesday, July 30th 2025 - 10:05 UTC

    Products not grown in US might have zero tariffs, Lutnick hints

    “Coffee and cocoa could be other examples,” Lutnick said

    Amid the uproar surrounding the 50% tariffs on Brazilian products to be imported by the US administration of President Donald Trump, coffee producers saw some light at the end of the tunnel Tuesday when US Secretary of Commerce Howard Lutnick said in an interview with US network CNBC that some products not grown in the country could enter the United States without import tariffs.

  • Monday, April 21st 2025 - 10:27 UTC

    Boeing aircraft bound for Chinese carrier returned to manufacturer

    Boeing aircraft bound for Chinese carrier returned to manufacturer

    A brand-new Boeing 737 MAX intended for China's Xiamen Airlines was returned to the aircraft manufacturer due to escalating trade tensions driven by US President Donald Trump's tariff war. Trump raised tariffs on Chinese imports to 145%, prompting China to impose 125% tariffs on U.S. goods, making delivery of these aircraft financially unviable for Chinese airlines.

  • Tuesday, April 15th 2025 - 10:59 UTC

    Milei's Argentina closes ranks with Trump's US

    “Thanks to President Milei's bold agenda, we see signs of a historic turnaround,” Bessent highlighted

    Argentine President Javier Milei met with US Treasury Secretary Scott Bessent at Casa Rosada to discuss strengthening bilateral ties, focusing on a potential trade agreement aligned with US President Donald Trump’s reciprocal tariffs proposal.

  • Saturday, April 12th 2025 - 10:50 UTC

    Mercosur FMs agree to expand exceptions to CETs

    The meeting was good, albeit tense in some environments

    Southern Common Market (Mercosur) foreign ministers meeting in Buenos Aires on Friday agreed to temporarily expand the National List of Exceptions to the Common External Tariff by up to 50 codes per member state in response to global trade tensions, following US President Donald Trump's barrage of import surcharges.

  • Wednesday, April 9th 2025 - 10:57 UTC

    Trump ups tariffs on Chinese products to 104%

    Beijing will have to “make a deal at some point,” Trump stressed

    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.

  • Monday, April 7th 2025 - 10:12 UTC

    Early dawn stock markets show significant declines

    Donald Trump's tariffs set stock markets worldwide on a slide

    Australia's and most Asian stock markets experienced significant declines early Monday amid the global tariff war triggered by U.S. President Donald Trump. The Hang Seng Index in Hong Kong dropped 9.1% to 20,778.10, with a peak intraday fall of 10.2%, marking its worst day in over a year. Across the Asia-Pacific, 11 of 14 equity markets hit 52-week lows. In mainland China, the CSI 300 Index fell by 7.6%, while the Shanghai and Shenzhen Composite Indexes dropped by 7.4% and 9.8%, respectively. Japan’s Topix and Nikkei indexes also slumped, by 9.6% and 6.5%, respectively.

  • Saturday, April 5th 2025 - 10:09 UTC

    Trump's measures make dollar rise in Brazil

    Emerging markets such as Brazil were hit hard by developments in the US

    The quotation between the Brazilian real and the US dollar rose Friday to US$ 1 / R$ 5.83 after China announced retaliatory 34% surcharges against US President Donald Trump's tariffs, which fueled fears of a global recession, triggering turbulence in financial markets.

  • Thursday, March 6th 2025 - 21:14 UTC

    Trump postpones tariffs on Mexican items at least until April 2

    Trump's good rapport with Sheinbaum was the reason for this reversal, the Republican leader explained

    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

    Trump is expected to announce a compromise with Canada and Mexico as early as Wednesday, Commerce Secretary Howard Lutnick admitted

    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.