Asunción, Agencia IP.- President of the Republic, Santiago Peña, stated that the tariffs announced by the United States affect Paraguay «to a lesser extent,» despite acknowledging that they will have a global impact. He maintained that the Paraguayan economy has a growth outlook for the coming years. «In relative terms, we are much better off […]
Asunción, Agencia IP.- President of the Republic, Santiago Peña, stated that the tariffs announced by the United States affect Paraguay «to a lesser extent,» despite acknowledging that they will have a global impact. He maintained that the Paraguayan economy has a growth outlook for the coming years.
«In relative terms, we are much better off than other countries that have experienced a significant increase in tariffs,» said the President in an interview with Radio Mitre in Argentina when asked about the impact of the tariffs announced by U.S. President Donald Trump on the Paraguayan economy.
The U.S. President’s announcement regarding tariffs on imported products has had a global reach. In the case of Latin America, the established tariffs were the lowest compared to other regions of the world, being limited to around 10%.
«Not all countries are in the same commercial and tariff situation,» Peña said when evaluating this impact, noting that in Paraguay’s case, the country’s economy has been growing «without much external incentive, other than the internal strength it is developing and access to markets.»
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