The Brazilian government criticized US President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports. The protectionist move is foreseen to cause the South American country around US$ 1.5 billion loss in exports, primarily affecting semi-finished products. Despite its potential impact on the steel sector, minimal effects on Brazil's GDP and total exports are projected. The Government of President Luiz Inácio Lula da Silva favors negotiation over retaliation.
Delta Air Lines and United Airlines have announced plans to reduce capacity due to overbuilt summer schedules and other challenges. Delta President Glen Hauenstein stated at a JP Morgan investor conference that the airline will scale back its summer capacity, with specifics to be revealed in its March 22 schedule. United Airlines CEO Scott Kirby said that the airline will retire 21 aircraft early, cut capacity in markets with high government traffic, particularly Canadian destinations, and reduce redeye flights. He also noted that these cuts would primarily occur in unprofitable regions where United is not the leading carrier.
A group of opposition lawmakers filed a criminal complaint against Argentine President Javier Milei for signing an Emergency Decree (DNU) to enable a new ten-year agreement with the International Monetary Fund (IMF) aimed at canceling non-transferable Treasury bills held by the Central Bank (BCRA). The decree bypassed the traditional legislative process of sending a bill to Congress, which Economy Minister Luis Toto Caputo said was necessary given the urgent need for IMF support.
Venezuelan President Nicolás Maduro criticized US President Donald Trump's decision to revoke Chevron's license to operate in the South American country, claiming it disrupted communication channels and hindered the repatriation of irregular migrants.
South Carolina inmate Brad Keith Sigmon was executed by firing squad Friday for the 2001 murders of his ex-girlfriend's parents, marking the fourth time this method was used in the United States since the reintroduction of the death penalty and the first outside the State of Utah.
Barring any last-minute stay, the US State of South Carolina plans to execute 67-year-old death row inmate Brad Keith Sigmon Friday by firing squad, a method not used in the country in 15 years and which is believed to have been discontinued worldwide for about a decade.
Argentine President Javier Milei plans to issue an Emergency Decree (DNU) to approve the new loan to be agreed upon with the International Monetary Fund (IMF), the Casa Rosada announced Thursday. As mandated by law, each DNU needs congressional approval to not be stricken. The new deal seeks to cancel National Treasury debt to the Central Bank, reducing total public debt and strengthening the Central Bank's balance sheet and subsequently lifting the so-called exchange stocks.
Venezuelan President Nicolás Maduro insisted Thursday that his country’s oil production would drop not even a liter despite the U.S. ending Chevron’s license to export crude. Speaking on his weekly TV show, he pledged output would grow under his Absolute Productive Independence plan, despite US President Donald Trump's sanctions.
US President Donald Trump extended to Canada a waiver on the 25% tariffs he had given Mexico earlier Thursday until April 2, 2025. The Republican leader signed an executive order exempting goods compliant with the USMCA trade agreement and reducing the tariff on Canadian potash - which is used in fertilizer - to 10%. This follows his imposition of the tariffs, citing concerns over fentanyl trafficking and irregular migration.
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.