The US House of Representatives, with a Republican majority, approved a $14.5 billion military aid bill for Israel. The bill succeeded with 226 votes in favor and 196 against. Mike Johnson, the Republican House Speaker, emphasized the bill’s crucial role in equipping Israel with advanced defense systems, including the Iron Dome. The bill now moves […]
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Brazil revises its stance on UN food trade liberalization and prioritizes food security
Brazil has revised its stance on international food trade liberalization and state involvement in food security at the United Nations (UN), setting prerequisites for food sector trade liberalization, as reported by Agencia Brasil. This position shift was communicated at the recent UN Food Systems Summit in Rome, attended by numerous global leaders and ministerial delegations. […]
Argentina faces a drop in global trade, can Brazil help?
Argentina faces financial challenges and a drop in global trade. Some experts think closer ties with Brazil could help. Brazil might offer loans and credit to boost Argentina’s economy and jobs. In short, leaning on Brazil could offer economic benefits for Argentina. This option could be easier than dealing with global groups, especially when Argentina […]
Milei Moves Against Protectionism by Eliminating Import Tariffs in Argentina
In a bold move, Argentine President Javier Milei announced the end of the PAIS tax on imports by December 2024. This decision signifies a major shift in Argentina’s economic policy. It aims to reduce inflation and stimulate growth. The PAIS tax, implemented in late 2019, imposed tariffs on imported goods to increase federal revenue. It […]