Uruguay’s President has responded to the newly imposed US tariff, asserting its impact will be limited. According to the President, the tariff primarily affects goods and does not extend to the services sector. Furthermore, he stated that the tariff only encompasses approximately 20% of Uruguay’s total exports to the United States. This suggests the Uruguayan government believes the economic consequences will be manageable. The President’s comments aim to reassure the public and potentially mitigate concerns regarding trade relations with the US. Officials are likely analyzing the specific sectors affected to formulate targeted responses, if needed. The announcement comes as a wave of protectionist measures gains momentum globally.