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MercoPress, en Español

Montevideo, July 12th 2026 - 05:55 UTC

Tag: Tariffs

  • Thursday, August 7th 2025 - 10:33 UTC

    Lula slams Trump over Brazil tariffs, accuses Bolsonaro of betrayal

    The Brazilian government is preparing financial support measures for affected companies, as nationalist sentiment grows in response to what Lula describes as a direct attack on Brazil’s sovereignty

    Brazilian President Luiz Inácio Lula da Silva harshly criticized U.S. President Donald Trump following the implementation of a 50% tariff on Brazilian exports. Lula called Trump “authoritarian” with “anti-civilizational” behavior and accused him of creating “problems where there were none.”

  • Monday, August 4th 2025 - 10:42 UTC

    Lula says Brazil deserves to be treated with pride and sovereignty

    “We want to be respected for our size. We have economic and strategic interests. We want to grow. And we are not a small republic,” Lula further noted

    President Luiz Inácio Lula da Silva said his country intended to negotiate the 50% tariff imposed by US President Donald Trump, albeit with pride and sovereignty, highlighting Brazil's strong ties with other nations that would allow for a reduced dependence on the US.

  • Friday, August 1st 2025 - 09:22 UTC

    Trump announces 35% tariffs on Canadian products

    The White House warned that goods transshipped to avoid the new tariffs would face an even higher rate of 40%

    US President Donald Trump has raised the tariff rate on Canadian imports from 25% to 35%, effective August 1. The White House justified the increase by stating that Canada has not done enough to “arrest, seize, detain or otherwise intercept... traffickers, criminals at large, and illicit drugs.” Trump also announced Thursday a 90-day moratorium with Mexico after a call with President Claudia Sheinbaum, keeping 25% tariff rates in place.

  • 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.