Washington, Apr 23 (EFE) – Treasury Secretary Scott Bessent said Wednesday that the United States would seek a significant overhaul of the International Monetary Fund and the World Bank. “The IMF and World Bank serve critical roles in the international system,” Bessent said, adding that “President Donald Trump istration is eager to work with them … Read more
By Natalia Kidd Buenos Aires, April 12 (EFE) – Argentine President Javier Milei’s decision to lift the exchange rate cap after securing millions in International Monetary Fund and other loans is a “bold” move in a complex global context, which could lead to sudden devaluation of the Argentine peso and inflation. However, as announced on … Read more
Washington, Apr 4 (EFE). – United States President Donald Trump’s announcement of widespread tariffs has not only caused international concern but also raised alarms on Friday about possible inflation in the US and even sparked a backlash within the Republican Party. On Wednesday, Trump imposed global tariffs of 10% on all imports, with higher taxes … Read more
Washington, Mar 13 (EFE).- US President Donald Trump Thursday threatened to slap a 200 percent tariff on European wine and spirits in retaliation for Brussels’ plan to tax American whiskey imports, a move that risks deepening the ongoing transatlantic trade dispute. Declaring the European Union was “created to take advantage” of the US, Trump warned … Read more
Washington, Feb. 13 (EFE). – United States President Donald Trump announced Thursday during a White House meeting with Indian Prime Minister Narendra Modi that the Asian country will buy more oil and gas from the US to reduce the trade imbalance. “We have more oil and gas than any other country in the world by … Read more
Washington, Feb 12 (EFE).— The United States will impose a 50 percent tariff on aluminum and steel imports from Mexico and Canada, as the 25 percent duty announced earlier by President Donald Trump will be compounded by existing tariffs on goods from both countries, a White House official told EFE. As a result, Mexico and … Read more
Washington, Feb 11 (EFE).- United States President Donald Trump signed an executive order on Tuesday to “significantly reduce the size of government” by instructing the heads of federal departments and agencies to implement plans for “large-scale reductions in force.” Trump’s latest order directs the federal government to implement a “workforce optimization initiative” created by Elon … Read more
Brussels/Strasbourg, , Feb 11 (EFE).- European Commission President Ursula von der Leyen said Tuesday that the EU would respond with “firm and proportionate countermeasures” to the 25 percent tariffs on all steel and aluminum imports imposed by US President Donald Trump the previous day. “I deeply regret the US decision to impose tariffs on European … Read more
New Delhi, Feb 10 (EFE).- The Indian rupee hit a record low on Monday, reaching 87.95 per dollar at the opening of the day, weighed down by the latest tariff threats announced by US President Donald Trump. In its daily analysis, financial consultancy Eforex India said that the rupee opened weak on Monday, following the … Read more
Washington/Mexico City, Feb 3 (EFE).– US President Donald Trump confirmed on Monday that he has postponed the implementation of 25 percent tariffs on Mexican goods for one month after a phone call with his Mexican counterpart, Claudia Sheinbaum, who agreed to deploy 10,000 National Guard troops to the border to curb drug trafficking and illegal … Read more
Toronto, Canada, Feb 2 (EFE).- The first effects of the brewing trade war unleashed by the decision of US President Donald Trump to impose 25 percent tariffs on Canadian products are already appearing: the disappearance of US wines, beers and liquors from Canadian stores. On Sunday, the government of Ontario, the most industrial and populated … Read more
By Marta Garde Washington, Jan 29 (EFE).- The United States Federal Reserve on Wednesday broke the cycle of interest rate cuts that began in September, keeping rates at their current range of 4.25% to 4.5% and ignoring President Donald Trump’s public call for more immediate reductions. The regulator made its decision at the end of … Read more
