International

Thousands of Argentines protest soaring inflation

AFP

Thousands of Argentines brought central Buenos Aires to a standstill on Thursday in another massive protest against the South American country’s soaring inflation.

The “Federal march for work and salaries, and against hunger and poverty” was bolstered by thousands of people arriving from outside the capital, heeding the call from multiple unions and left-wing groups critical of center-left President Alberto Fernandez’s social policies.

Calls to protest have become more frequent since the start of the year, as the Argentine economy shows no signs of stemming its inflationary trend.

In the first four months of 2022, prices rose 23 percent, including a 6 percent jump in April, according to figures published Thursday.

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Having already recorded inflation of over 50 percent in 2021, the current rate would surpass even the worst estimates of 60 percent by the end of the year.

Protesters are also angry at the government’s budgetary restraint, a necessity during debt renegotiations with the International Monetary Fund (IMF), which will see the country reduce its annual deficit from three percent of GDP in 2021 to zero by 2025.

Argentina’s left and far left have little clout at the ballot box but a great capacity to organize street protests.

They are vehemently opposed to repaying Argentina’s $44 billion IMF debt, and demand more generous social aid packages.

One of their main slogans is: “the debt is to the people.”

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While the administration has tried to limit expectations of more aid, splits have begun to appear in the government coalition, with Vice President Cristina Kirchner, the former president, openly criticizing Fernandez.

“I don’t think we will honor all the expectations, all the confidence, all the hope that has been placed in us,” she said several days ago, in a veiled barb at the president.

In recent weeks, Fernandez boosted by 50 percent food vouchers for the poor, increased pensions for those working in the informal sector, and also hiked the minimum wage from 38,940 to 45,540 pesos ($319 to $373).

International

Trump Defies Supreme Court With New 10% Global Tariff

Defiant in the face of a judicial setback, Donald Trump on Friday imposed a new across-the-board 10% tariff after the Supreme Court of the United States ruled that he does not have the authority to levy customs duties under the guise of a national emergency.

The Republican president signed the order in the Oval Office and announced on social media that the measure would take effect “almost immediately.” According to a statement from the White House, the decree will formally enter into force on February 24 for a period of 150 days.

It remains unclear whether the new tariff will apply to countries that have already negotiated trade agreements establishing rates higher than 10%.

Earlier in the day, the conservative-majority court ruled that a 1977 law cited by Trump to abruptly impose tariffs on individual countries — disrupting global trade — “does not authorize the president to impose tariffs.”

Trump said he was “deeply disappointed” by the decision and accused some justices of being influenced by “foreign interests.”

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Although he has made variable tariffs a cornerstone of his foreign policy, Trump acknowledged that it is uncertain whether the government will have to refund revenue already collected. A study by the University of Pennsylvaniaestimated that the amount at stake could reach as much as $175 billion.

“That issue was not addressed by the Court,” Trump told reporters, warning that the legal battle could drag on for “years.”

Justice Brett Kavanaugh, who dissented from the Court’s 6–3 majority opinion, cautioned that the legal process could become a “mess.”

Trump denied any error or haste in using tariffs as a policy tool, arguing instead that the six justices who ruled against him were motivated by “political correctness.” Vice President JD Vance wrote on X that the Court had acted “outside the law.”

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International

U.S. Targets Members of Outgoing Boric Administration With Visa Revocations

The United States government announced on Friday the revocation of visas for three Chilean officials—whose identities were not initially disclosed—citing activities that allegedly “undermined regional security,” an accusation that Chile denies.

In a statement, the U.S. Department of State did not provide specific details about the individuals involved but criticized the outgoing administration of leftist President Gabriel Boric.

“The legacy of the Boric government will be further tarnished by actions that undermine regional security to the ultimate detriment of the Chilean people,” the statement read. It was signed by U.S. Secretary of State Marco Rubio.

Chile’s Minister of Transport, Juan Carlos Muñoz, later confirmed in a video message to the press that he is among those sanctioned.

“I was recently informed that my visa to enter the United States has been revoked by that country, which I deeply regret,” Muñoz said.

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The U.S. statement also noted that Washington hopes to “advance shared priorities, including those that strengthen security in our hemisphere, with the upcoming Kast government.”

The electoral victory of ultraconservative leader José Antonio Kast was welcomed in Washington, which has been building alliances with like-minded governments in the region to reinforce its diplomatic and economic agenda—particularly in response to China’s growing investment presence in Latin America.

“We remain committed to promoting accountability for Chilean individuals who deliberately work to destabilize our hemisphere,” the statement concluded.

International

Three Injured in Mail Package Explosion at Buenos Aires Gendarmerie Academy

Three people were injured on Friday after a mail package exploded at the Escuela Superior de Gendarmería in Buenos Aires, according to a statement released by Argentina’s Ministerio de Seguridad.

The explosion occurred at 1:49 p.m. local time (16:49 GMT) inside a building located less than one kilometer from the Government House, the ministry reported.

“Personnel from the force handled a parcel that had reportedly been received months earlier and was being stored at the facility. When it was opened, an explosion occurred, causing injuries to two officers,” the statement said.

The ministry added that both injured officers were transported to a hospital and are not in life-threatening condition. “A third officer remains in recovery and is out of danger,” authorities confirmed.

Following the incident, police cordoned off the surrounding area, halted traffic, and evacuated the 11-story building as well as adjacent buildings on the same block.

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Mariana Bornio, an employee at a telecommunications company located in a neighboring building, said that as she was being evacuated, she saw one of the injured gendarmes leaving the scene shirtless and covered with a blue medical gown.