LatinNews Daily - 04 July 2025

On 3 July Colombia and the US recalled their ambassadors for consultations amid rising tensions over an alleged plot against President Gustavo Petro, who is dealing with the dispute without a foreign minister after Laura Sarabia unexpectedly resigned yesterday.... Read More

*Peru’s association of exporters (Adex) has announced that exports totalled US$33.4bn in the first five months of 2025, up 22.3% compared with the same period of 2024.... Read More

On 3 July Argentina handed over to Brazil the six-month rotating presidency of the Southern Common Market (Mercosur), the regional trade bloc comprising Brazil, Argentina, Paraguay, Uruguay, and Bolivia.... Read More

*Brazil’s national federation of automobile dealers (Fenabrave) has released its figures for vehicle sales for the first half of this year, showing that sales totalled 2.34m units, up 6.99% compared to the same period in 2024.... Read More

On 3 July Angélica Álvarez, the vice presidential candidate for Honduras’ ruling leftist Partido Libertad y Refundación (Libre) ahead of the November 2025 general elections, confirmed that Isis Cuéllar, a vice president of the country’s 128-member unicameral legislature, had been suspended from the party.... Read More

*The Dominican Republic’s central bank (BCRD) has announced that monthly inflation stood at 0.21% in June 2025, bringing the annual rate to 3.56%.... Read More

On 3 July US Immigration and Customs Enforcement (ICE) announced its agents had arrested a high-profile Mexican boxer, Julio César Chávez Jr, in Los Angeles the previous day on charges of being in the US illegally and will likely face “expedited removal” (deportation) to Mexico where he faces organised crime charges.... Read More

*Mexico’s Economy Minister Marcelo Ebrard has downplayed the impact on nearshoring and investment in Mexico of US President Donald Trump’s One Big Beautiful Bill, his flagship tax and spending legislation, which was approved yesterday in the House of Representatives following its ratification in the senate.... Read More

On 3 July Chile’s President Gabriel Boric took part in an event to commemorate the 50th anniversary of the arrest and ‘disappearance’ of the ten-member clandestine leadership committee of the Partido Socialista (PS) during the military dictatorship led by General Augusto Pinochet (1973-1990).... Read More

*Julie Kozack, the director of the communications department at the International Monetary Fund (IMF), has said that discussions with Argentina on the first review under the US$20bn extended fund facility (EFF) arrangement agreed with President Javier Milei’s government in April “remain very productive”.  Kozack noted that an IMF staff technical mission visited Buenos Aires recently as part of the review, with the trip concluding on 27 June.... Read More