News of trade

EUROZONE

ECB's Lagarde sees ebbing risks to eurozone, vows climate action

23-01-2020 16:25 European Central Bank (ECB) chief Christine Lagarde on Thursday said risks to the eurozone economy had become "less pronounced" in the wake of a US-China trade truce even as US President Donald Trump reignited a trade spat with Europe.

TRADE TENSIONS

Mercosur braces for change amid calls for new trade rules

18-01-2020 09:19 Regional trade bloc faces uncertain future, with Argentina now in the minority and Uruguay and Brazil seeking the right to secure trade deals outside the bloc’s remit

by Fermin Koop

Bloomberg

Brazil looks to India as trade with Argentina deteriorates

15-01-2020 23:26 Brazil sees a huge potential for its exports of food and commodities, and a chance to increase its US$7 billion in annual bilateral trade with India to US$25 billion in the next few years.

BLOOMBERG

Top Trump official says no decision yet on steel tariffs

10-12-2019 18:33 Trump’s top economic adviser says administration hasn’t made a decision about re-imposing steel tariffs on Brazil and Argentina, even though the US president said last week the duties were “effective immediately.”

ARGENTINA-BRAZIL RELATIONS

Daniel Scioli: I’ll de-escalate tensions with Bolsonaro

10-12-2019 10:49 Argentina's next ambassador to Brazil vows support for Lula will not ruin the relationship between the two countries, as both nations will aim for a pragmatic relationship.

by Perfíl/ Rosario Ayerdi

MERCOSUR SUMMIT

Tensions loom large at Macri's final Mercosur summit

05-12-2019 18:14 Macri bids farewell to Mercosur at summit in Brazil, with regional bloc reeling from US steel and aluminum tariffs and tensions between Bolsonaro and Alberto Fernández.

FUTURE OF MERCOSUR?

Changing Mercosur bloc meets in Brazil after US tariffs blow

05-12-2019 07:26 Focus of bloc's 55th summit – the last for President Mauricio Macri – looked set to be the arrival of Alberto Fernández in office. The Mercosur now has more immediate concerns: Donald Trump.

Bolivia Election Crisis

Bolivia arms 'anti-terror' group to 'dismantle' foreign groups 'threatening' country

04-12-2019 11:21 The new interim government of right-wing president Jeanine Añez has denounced foreign influence in the country since taking power, naming Colombians, Argentines, Peruvians, Cubans and Venezuelans at different times.

TRANSITION 2019

Influential agricultural leader: Macri 'wasn't what we expected'

03-12-2019 08:30 Carlos Iannizzotto, president of one of Argentina's largest agricultural cooperatives, Coninagro, reflects on how the industry fared under outgoing president Mauricio Macri – and ponders what lies ahead under Alberto Fernández.

TRUMP TRADE WARS

Argentina, Brazil debate response as Trump re-imposes steel, aluminium tariffs

02-12-2019 22:24 Government says in a statement it is considering "joint action" with Brazil, after US President Trump accuses two nations of currency manipulation and declares he’ll slap tariffs on their steel and aluminium imports in retaliation.

TRUMP TRADE WARS

Bolsonaro under fire after Trump slaps tariffs on Argentina, Brazil

02-12-2019 17:50 Bolsonaro’s attempts to gain goodwill from the US president seem to have failed, as Trump accuses both Brazil and Argentina of currency manipulation and introduces new tariffs on steel and aluminium.

Mercosur

Fernández promises 'pragmatic ties' with Brazil and Mercosur

29-11-2019 18:34 President-elect optimistic over Argentina-Brazil relations on Thursday after Brasilia says it has "no problems" with incoming leader. After a turbulent campaign, both sides have agreed to maintain "pragmatic" relations with each other.

Mercosur 'Braxit'?

Brazil's economy minister: We have 'no problem' with Alberto Fernández

27-11-2019 12:43 At a conference in Washington, Economy Minister Paulo Guedes pours cold water on renewed speculation that Brazil could leave the Mercosur trade bloc when Alberto Fernández takes office.

Bloomberg

Bolsonaro's son calls for 'pragmatism' towards Argentina

21-11-2019 16:48 His approach varies greatly from that of his father, who has publicly eschewed the upcoming presidency of Argentina's Alberto Fernández

BRAZIL UNDER BOLSONARO

Economy in mind, Bolsonaro changes tack and cozies up to China

13-11-2019 12:38 Gone is last year’s fiery campaign trail rhetoric about China being a rapacious power intent on exploiting Brazilian resources. China is, after all, Brazil’s biggest trading partner.

PRESIDENT-ELECT TELLS CGT

Alberto Fernández: 'The labour movement is part of my government'

08-11-2019 17:11 Argentina's next leader praises Perón at umbrella union group's headquarters as he attends meeting and calls on union leaders to back his social-economic pact.

PRESIDENT-ELECT IN MEXICO

Fernández, López Obrador talk up trade ties and regional cooperation

05-11-2019 11:28 Leaders of Argentina and Mexico say they see the world in a similar way, with president-elect saying the two are seeking to restore "the equilibrium and social equality lost in Latin America" in recent years.

Bloomberg

Nancy Pelosi on governing during Trump's impeachment process

01-11-2019 19:03 In an exclusive roundtable interview with Bloomberg editors and reporters, Speaker of the House Nancy Pelosi discusses health care, China, global trade and, of course, impeachment.

ELECTION 2019

Embattled farmers eye presidential vote with apprehension

16-10-2019 19:38 Farmers are bracing for the possible return of interventionist policies if the Peronist ticket headed by Alberto Fernández and Cristina Fernández de Kirchner wins the October 27 ballot.

BLOOMBERG

Is the world economy sliding into first recession since 2009?

15-10-2019 09:11 The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power.

UNIONS AND LABOUR

With Fernández present, Yasky's CTA approves reunification talks with CGT

04-10-2019 08:58 Presidential frontrunner Alberto Fernández attends meeting in Lanús, at which CTA members vote to back opposition and open talks with CGT with view to reunification, nearly three decades on from split.

by Aurelio Tomás

BLOOMBERG

Uruguayan beef battling to stay competitive amid crisis in Argentina

27-09-2019 09:33 Beef is Uruguay’s top export by value, with shipments rising six percent to US$1.27 billion through mid-September, although volumes have barely risen.

EU-MERCOSUR TRADE DEAL

Austria rejects EU-Mercosur trade deal over Amazon fires

19-09-2019 09:49 Key committee in Austrian Parliament rejects draft free-trade agreement between EU and Mercosur over concerns about fires in the Amazon.

'Braxit'?

A Latin American Brexit? Analysing Brazil’s threat on Mercosur

16-09-2019 07:30 Jair Bolsonaro has said Brazil could leave Mercosur if Argentina, the second-largest economy in the customs union, pivots to the left after presidential elections in October. But how feasible is such a break?

Bloomberg

Argentine bondholders pull out old guidebook to flee country

08-09-2019 08:55 “Many investors thought Argentina was on its way to becoming Chile or Colombia – stable, investment grade,” said Leo Chialva, a partner at Buenos Aires-based consulting firm Delphos Investment. “Those large funds are horrified by the latest measures.”

TRADE

Local soy crushers meet with China on path to meal approval

08-09-2019 08:26 A Chinese customs delegation inspected plants along the Paraná River last week, and the officials will now take about 30 days to produce a report that could pave the way for Argentina to export soy meal .

BILATERAL RELATIONS

Brazil foreign minister views Alberto Fernández as a threat to Mercosur

03-09-2019 16:16 “It would be very frustrating, just as Mercosur enjoys its best moment in 30 years, to have an Argentine government that might bring setbacks,” says Foreign Minister Ernesto Araujo.

MERCOSUR

Norway says timing of EFTA-Mercosur pact 'awful'

27-08-2019 12:45 Norway, which is part of European Free Trade Agreement (EFTA) grouping four non-EU members, on Tuesday regretted the "awful timing" of a trade pact with Mercosur, as fires rage in the Amazon.

TRADE DEALS

Mercosur reaches EFTA trade deal with European countries

23-08-2019 22:13 The agreement with the European Free Trade Association formed by Iceland, Norway, Switzerland and Liechtenstein, comes two months after Mercosur sealed a landmark trade deal with the European Union.

TRADE WAR

Trump raises tariffs on Chinese goods as trade war escalates

23-08-2019 20:34 The US president said he would raise tariffs on Chinese goods to 30 percent in response to China's tax increase on US products.

AMAZON IN FLAMES

Global outrage forces Bolsonaro to act, sending Army to contain Amazon fires

23-08-2019 16:01 Under increasing international pressure to contain record numbers of fires in the Amazon, Brazilian President Jair Bolsonaro said Friday he might send the military to battle the massive blazes.

AMAZON IN FLAMES

Ireland may withold EU-Mercosur deal support over Amazon fires

23-08-2019 14:03 "There is no way that Ireland will vote for the EU-Mercosur Free Trade Agreement if Brazil does not honour its environmental commitments," says Prime Minister Leo Varadkar

OPINION

Leonid Bershidsky: The EU can push Bolsonaro to save the Amazon

23-08-2019 13:59 It’s appropriate for Macron, Merkel and other European leaders to reconsider the Mercosur trade agreement in response to Brazilian President Jair Bolsonaro’s behaviour.

DEAL IN DOUBT

Macron: France won't back EU-Mercosur deal over Bolsonaro's climate 'lies'

23-08-2019 10:19 Outraged over the Amazon fires, French president brands Brazilian counterpart a liar and threatens to block EU-Mercosur trade deal "under these conditions."

BLOOMBERG

China boosts Brazil soy imports as Argentina hoards crops

16-08-2019 14:26 Chinese companies purchased between 1.5 and 2 million metric tonnes of soy as Argentine farmers withhold beans to stave off currency fall.

Argentina-Brazil

Brazil-Argentina ties sour as Bolsonaro fumes over primary vote

14-08-2019 12:14 President of Brazil Jair Bolsonaro expressed his discontent over the triumph of Kirchnerism in Sunday’s primaries. Though different in style, Mauricio Macri and Bolsonaro had similar economic goals.

PASO FALL-OUT

Alberto Fernández casts doubt over Mercosur's trade deal with European Union

13-08-2019 17:45 Frente de Todos leader questions European Union's trade deal with the South American trade bloc that was signed in June but not yet ratified.

BLOOMBERG

China to look beyond Brazil to Argentina for soy, as trade war rages

08-08-2019 09:13 After Donald Trump escalated trade spat last week, the Asian nation halted its purchases of US farm goods. That leaves few alternatives to Brazil. Argentina may be one option, but farmers there are currently hoarding beans amid upcoming elections.

BLOOMBERG

Trump hints at more trade aid for farmers, as China trade war drags on

06-08-2019 16:02 With Beijing and Washington at odds, Argentine farmers are capturing larger shares of soybean sales to China, the largest export market for the oilseed.

BLOOMBERG

Agility is the watchword as trade tensions jolt emerging markets

05-08-2019 12:34 The Chinese yuan fell to 7 against the US dollar as the global stock index has lowest close since January.

BEEF TRADE

Trump says new agreement with EU will boost beef exports

02-08-2019 19:16 The US President expects quick approval from the EU amid his growing trade war with China.

US-BRAZILIAN RELATIONS

Trump boosts Brazil's status as 'major Non-NATO military ally' of US

01-08-2019 00:08 Moves eases path for the Latin American giant to buy more sophisticated weaponry from Washington.

TRADE DEALS

Trump says US to begin working on free-trade deal with Brazil

30-07-2019 15:46 “We’re going to work on a free-trade agreement with Brazil,” US president tells reporters in Washington

Mercosur Summit

Mercosur calls for new elections in Venezuela at summit

17-07-2019 18:18 Brazilian president Jair Bolsonaro also borrowed a slogan from US President Donald Trump.

GLOBAL ECONOMY

Trade is still unbalanced and tariffs aren't the fix, IMF says

17-07-2019 16:43 The IMF urged countries on Wednesday to "avoid policies that distort trade."

Mercosur Summit

Mercosur reborn with liberal orientation

16-07-2019 21:27 The current liberal economic consensus between Brazil and Argentina is ushering in a new era of trade for the South American trade bloc.

FREE-TRADE DEAL

EU slams 'misinformation' about Mercosur trade deal

15-07-2019 16:23 Accord has raised alarm in some European countries that the continent will be flooded with beef and other agricultural imports, subjecting domestic farmers to unfair competition and consumers to unsafe food.

BLOOMBERG

Latin America and free trade score a win with EU-Mercosur deal

09-07-2019 15:22 Who knew that even as China and the United States played chicken with international trade, 31 nations with a tenth of world population and a fourth of its wealth would agree to abide by global rules and swap goods freely across the Atlantic?

by Mac Margolis

BLOOMBERG

Mercosur eyes trade deal with United States after securing EU accord

04-07-2019 14:12 President Mauricio Macri and Foreign Minister Jorge Faurie reveal that Argentina and Brazil, the two largest members of the Mercosur, are talking about a potential trade deal with the world’s largest consumer market.

G20 SUMMIT

G20 finance officials pledge to protect global growth

10-06-2019 09:54 Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions.