Economy - Guacamaya

U.S. Raises Tariffs on China to 104% After Negotiations Fail

Luis Alejandro Ruiz7 months ago7 months ago05 mins

The White House confirms the move after Beijing maintained its retaliatory tariffs, while China consolidates its digital yuan to challenge the dominance of the dollar.

ENI to Maintain Gas Production in Venezuela to Avoid a “Social Crisis” and Negotiates with the U.S.

Luis Alejandro Ruiz7 months ago7 months ago03 mins

The Italian company is seeking an exemption from U.S. sanctions to continue operating in Venezuela, where it is one of the main suppliers of gas for the domestic market.

Reuters Claims OPEC Cuts Production in March Due to Declines in Nigeria, Iran, and Venezuela

Luis Alejandro Ruiz7 months ago7 months ago04 mins

A Reuters survey reveals that the oil cartel’s crude output fell by 110,000 barrels per day (bpd) last month, driven by cuts in three key members, while Saudi Arabia slashes prices and OPEC+ prepares to increase production.

Financial Markets and Oil Open in the Red Following Trump’s Tariffs Announcement

Elias Ferrer7 months ago7 months ago03 mins

The New York Stock Exchange, the world’s largest by market capitalization. Photo: Carol M. Highsmith. Guacamaya, April 7, 2025. The…

Venezuela Challenges U.S. Secondary Tariffs at the World Trade Organization

Luis Alejandro Ruiz7 months ago7 months ago03 mins

Legal teams from Venezuela’s Executive Vice Presidency and the Ministries of Foreign Affairs, Hydrocarbons, and Foreign Trade are considering filing a complaint against the United States at the World Trade Organization (WTO). The move comes in response to the imposition of a 25% tariff on goods from any country that exports to the U.S. while also purchasing Venezuelan oil—a measure ordered by President Donald Trump.

Trump Declares U.S. “Economic Independence” with Global Tariffs

Elias Ferrer7 months ago7 months ago03 mins

President Donald Trump proclaimed a historic shift in U.S. trade policy on Wednesday by signing an executive order imposing “reciprocal” tariffs on countries with which the U.S. runs trade deficits, including key partners like Mexico, Canada, and the European Union.

Trump Defends Secondary Sanctions and Tariffs Against Venezuela as Companies Seek Alternatives

Sleither Fernández7 months ago7 months ago05 mins

Donald Trump has defended the secondary sanctions and tariffs imposed on countries that purchase Venezuelan oil or gas, arguing their “strong impact” on trade. However, this move—along with the recent decision to revoke licenses for transnational companies—has prompted immediate actions from these firms to maintain their operations in Venezuela.