A New York appeals court has granted Argentina’s request to halt the transfer of 51 percent of YPF shares as it considers appeals related to the ruling mandating the country to compensate two companies with US$16.1 billion due to the oil firm’s nationalization in 2012. Argentina will consequently retain its YPF shares during the ongoing … Read more
Former US Treasury secretary Lawrence Summers cautioned that US President Donald Trump’s policies could lead the US down a trajectory akin to that of post-war Argentina, which transitioned from a relatively advanced developed nation to an economic underperformer. “Argentina went completely off track because of decisions made in a few years by an elected — … Read more
Francisco González Galé was pleasantly surprised by the sense of belonging he experienced while fulfilling his children’s desires earlier this year with a trip to Walt Disney World in Orlando, having traveled from Buenos Aires. The 46-year-old Argentine lawyer previously traveled to the US once every few years; however, he has already made two trips … Read more
Argentina stands a chance of being reinstated into the United States’ Visa Waiver Program after a hiatus exceeding two decades. One analysis indicates that tourism may potentially double, while trade between the two nations could increase by more than US$11 billion each year, contingent upon the success of Argentina’s waiver bid. The data was generated … Read more
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
The Trump administration is formulating a statement supporting Argentina and opposing hedge funders’ purchase of 51% of YPF. Judge Loretta Preska in New York ordered the transfer of 51% of the flagship oil company’s shares (“turnover”) to hedge funds Burford Capital and Eton Park, which won the lawsuit for US$16.099 billion. Senior Trump administration officials … Read more
This Wednesday, Argentina’s government formalised three significant appointments in the Official Gazette. Businessman Alejandro ‘Alec’ Oxenford presented his credentials to US President Donald Trump, thereby formally confirming his role as ambassador to the United States. Meanwhile, Foreign Minister Gerardo Werthein appointed a new ambassador to Germany. The appointment of diplomat Betina Pasquali de Fonseca as the new … Read more
US President Donald Trump announced on Friday his intention to increase steel and aluminium import tariffs to 50 percent, effective next week. This move represents a continuation of his trade wars, which are designed to safeguard domestic industries. “We’re going to bring it from 25 percent to 50 percent, the tariffs on steel into the United … Read more
The initial trade discussions under the Trump administration feature a diverse array of significant exporters alongside smaller economies, as the White House aims to secure agreements that may act as templates for future negotiations. The team of US President Donald Trump has identified approximately 20 partners as the primary targets for initial negotiations, according to individuals … Read more
US Treasury Secretary Scott Bessent indicated that the Trump administration might extend a targeted credit line to Argentina’s government should a global shock threaten President Javier Milei’s economic recovery, as reported by three sources familiar with his remarks. The US government is prepared to utilize the Exchange Stabilization Fund (ESF) to assist Argentina, provided that any … Read more