Trade

Protectionist Trade Bloc Shields Paraguay From Trump Tariff Pain

Carlos Fernandez, Paraguay finance ministerPhotographer: Christopher Goodney/Bloomberg

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By Zijia Song and Ken Parks

April 23, 2025 at 11:05 AM EDT

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Membership in one of the world’s most protectionist trade blocs will help shield Paraguay from the worst of near-term disruptions caused by US tariffs, the country’s finance chief said in an interview.