International
Ibero-American Business Meeting to begin this Thursday
March 23 |
The XIV Ibero-American Business Meeting, which is organized in the framework of the XXVIII Ibero-American Summit of Heads of State and Government, will begin this Thursday afternoon at the Sansouci Convention Center in Santo Domingo, Dominican Republic.
According to its organizers, the event will have the slogan “Together for a fair and sustainable Iberoamerica” and will be held until Friday. On this day, several heads of State and Government are expected to participate, who will discuss the topics on the agenda, in addition to awarding the Ibero-American Quality Award and handing over the Presidency of the Council to Ecuador.
The topics to be discussed will be investment, sustainability, climate action, social commitment and new financing models, and connectivity and digital transformation. Tourism, infrastructure, energy and ecological transition and gender equality will also be discussed.
At this meeting, the report “Latin America Economic Outlook 2022” will be presented and five panels will be held, led by ministers from the Dominican Republic and other personalities from the region.
The activities will be led by the Vice President of the Dominican Republic, Raquel Peña, and the Ibero-American Secretary General, Andres Allamand. The event will be attended by more than one thousand businessmen from the region.
Meanwhile, the Ibero-American Summit will be inaugurated this Friday and is expected to be attended by 14 presidents, two vice presidents, two prime ministers and 22 foreign ministers, who will adopt important instruments aimed at guaranteeing the development of the region.
International
Ninth Victim Recovered After Deadliest U.S. Avalanche in Decades
Rescue teams in California on Saturday recovered the body of the ninth and final victim of a deadly avalanche in the Sierra Nevada mountains, according to the local sheriff’s office.
The avalanche struck a group of 11 skiers and four guides on Tuesday as they were returning from a three-day backcountry trip near Castle Peak, a 2,777-meter (9,111-foot) mountain and popular tourist destination on the U.S. West Coast.
Six people were rescued alive on Tuesday. Authorities said the incident marks the deadliest avalanche in the United States since 1981.
“All nine individuals who lost their lives in the February 17 Castle Peak avalanche have been safely recovered from the mountain,” the Nevada County Sheriff’s Office said in a statement.
“There are no words that can truly capture the magnitude of this loss, and our hearts grieve alongside the families affected by this catastrophic event,” Sheriff Shannan Moon said.
Officials had warned on Thursday that search operations would likely continue through the weekend due to severe weather conditions in the area.
Survivors were able to call for help shortly after the avalanche occurred. However, near-zero visibility and the risk of additional snow slides prevented rescue teams from reaching them for several hours.
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.”
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.”
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.
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.
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