*Argentina’s Economy Minister Luis Caputo has announced that, from 2 September, the government will lower the PAIS import tariff from 17.5% to 7.5%. The tariff is imposed on the import of goods and freight. Between January and July, the government collected some Ar$4.3trn (US$4.5bn) in revenue from the PAIS tariff, around 6% of the total tax take for the period. The PAIS tax is also levied at a different rate on the purchase of foreign currency in Argentina. This rate will remain the same.
- VENEZUELA: Maduro conducts major cabinet reshuffle
- In brief: Peru’s state oil company demands sweeping reforms
- BRAZIL: Gov’t navigates rising institutional tensions
- In brief: Brazil’s Vale appoints new CEO
- HAITI: PNd’H and MSS carry out more anti-gang operations
- In brief: Panama Canal budget for FY 2025 approved
- MEXICO: López Obrador ‘pauses’ relations with the US and Canada
- In brief: Mexico’s trade deficit narrows in July
- ARGENTINA: Villarruel pledges to reopen cases against guerrilla groups
- In brief: Argentina to lower key import tariff