WASHINGTON, D.C. — In a surprise move aimed at easing fears of a looming global recession, President Donald Trump announced a 90-day pause on most import tariffs on Wednesday, sending U.S.
The Democratic president also called on states to suspend their own gas taxes or provide similar relief, and he delivered a public critique of the energy industry for prioritizing profits over production.
President Mauricio Macri is seeking a deal with the IMF to accelerate a $50 billion loan program.
The new austerity measures, announced Monday, were prompted by a 16 percent slide in the value of the peso last week, bringing the local currency's losses to almost 50 percent against the dollar so far this year.
