This week saw renewed tensions between two of the world’s largest economies: China and the United States. Washington accused China of failing to comply with an agreement that had temporarily halted tariffs, a claim denied by Beijing. Additionally, President Trump announced a 50% increase in steel tariffs, prompting the European Union to respond in kind. This has created market uncertainty, impacting assets like stocks while boosting gold, which is often seen as a safe haven during crises.
In the U.S., economic indicators have worsened. The import index dropped sharply to 39.9 points, its lowest level in 16 years. This decline reflects reduced profitability for companies importing goods due to high taxes. The manufacturing index (ISM) also fell, indicating ongoing industrial contraction. Analyst Jonathan Torres noted that supply chain disruptions, delayed supplier deliveries, and falling inventory levels are further complicating the economic landscape.
Another significant development is Trump’s proposal to sell one million barrels of diesel from a reserve in the northeastern U.S. This move could generate $100 million to reduce the deficit but requires Congressional approval. Although the reserve was established for emergencies, it has rarely been used. The announcement led to a 3.5% spike in diesel prices.
“For Peru, these global shifts have significant impacts. Demand for key commodities like copper could be affected by tariffs and geopolitical tensions. Changes in energy prices directly impact local companies’ logistics costs. In this scenario, investment and foreign trade decisions require careful analysis amid an increasingly unpredictable global economy,” Torres explained.
Meanwhile, Voyager Technologies, an aerospace and defense tech company, is preparing for its June 10 IPO. It aims to raise up to $319 million, targeting a valuation of $1.6 billion. With government contracts and leading the Starlab project to replace the International Space Station, major funds have shown interest. Its shares are expected to trade on the NYSE under the symbol VOYG.
— new from Revista EconomÃa