Blue Dollar Updates

Lula and Milei Spar Over Venezuela at Mercosur Summit

President Javier Milei engaged in a confrontation with Brazilian President Luiz Inácio Lula da Silva during the regional Mercosur summit regarding the situation in Venezuela, coinciding with US President Donald Trump intensifying pressure on Caracas. Sparring remarks from Lula and Milei emerged during a gathering of the South American bloc, where discussions included a prospective … Read more

Blue Dollar Updates

Argentina’s COP30 Attendance Still Uncertain

Sources indicate that Argentina has yet to register for participation in the COP30 climate summit. This suggests that the nation might align with the United States in abstaining from the upcoming annual discussions organized by the United Nations, set to commence in Brazil later this week. Last week, the White House confirmed that no senior … Read more

Mercosur

Mercosur and Canada to resume talks over free-trade agreement

The Mercosur regional trade bloc and Canada are set to resume negotiations regarding a free-trade agreement, as confirmed by Brazil on Monday, amid escalating tensions surrounding US tariffs that have unsettled global commerce. Brasília, currently presiding over Mercosur, has announced that chief negotiators from Canada and the bloc, which includes Argentina, Brazil, Bolivia, Paraguay, and … Read more

Brazil’s police say Bolsonaro in 2024 wrote Milei an asylum request

In February 2024, Brazilian police have alleged that Jair Bolsonaro submitted a request for political asylum to Argentina’s president Javier Milei, a development that may exacerbate the former leader’s legal challenges. A 33-page document discovered on Bolsonaro’s mobile phone was dated merely days following the initiation of a coup-plotting investigation by the Federal Police during … Read more

Brazilian Supreme Court orders house arrest for Bolsonaro

The former president violated July court restraining orders by protesting in Copacabana on Sunday. On Monday, Brazil’s Supreme Court mandated that former President Jair Bolsonaro be placed under house arrest due to his “repeated failure to comply with precautionary measures,” while also prohibiting him from receiving visitors. The ruling by Alexandre de Moraes, a judge … Read more

Trump Tariffs may create a plethora of troubles for Brazil

Trump’s tariffs on Brazil could mess up trade in everything from coffee to beef

The United States ranks as Brazil’s second-largest trading partner, following China. While the two nations engage in direct competition in certain markets such as corn and cotton, Brazil, recognized as an agricultural powerhouse, also cultivates tropical goods like coffee that are not viable for production in the continental United States. Brazil has been increasing its … Read more

Javier Milei

Milei calls on Mercosur to enhance trade openness during summit

President Javier Milei on Thursday called on his Mercosur partners to advocate for increased trade openness within the bloc while hosting his fellow leaders of the South American group in Buenos Aires. In a typically forceful opening speech, the La Libertad Avanza leader cautioned that his government would pursue that goal unilaterally if necessary, suggesting … Read more

Farming

Argentina and Brazil benefit from the trade war

The ongoing trade conflict presents significant advantages for Brazil and Argentina, particularly in the sectors of meat and grains. Brazil and Argentina are positioning themselves as early beneficiaries in the global trade conflict that is disrupting agricultural markets. The intensifying friction between the United States and China, the foremost supplier and consumer of agricultural goods, has presented … Read more

US China Trade War

Trump’s China trade war forces Latin America to choose

The ongoing trade conflict initiated by Trump with China is compelling Latin American nations to make strategic choices regarding their alliances. Donald Trump is strategically involving the United States’ closest neighbors in his ongoing trade conflict with China, aiming to diminish the influence of the Asian powerhouse in a region that has historically been viewed as … Read more

Trump Tariff

Trump starts trade war by imposing large tariffs, including a 10% on imports from Argentina

Trump ignites a trade conflict by imposing significant tariffs, including a 10% levy on Argentina. US President Donald Trump has initiated a significant global trade conflict as he imposed a 10-percent tariff on imports from various countries, alongside imposing stringent additional levies on major trading partners. In a significant announcement from the White House Rose Garden, … Read more