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Blockchain
Well-known member
I hate to admit it but but that's what I am hoping for. China looks like they are devaluating their currency and Argentina has half their reserves with the debt swap with China. This trade war is not going to be good for Argentina but could be excellent for tourists and tourism next year. If Milei fails tourism could explode again next year.
Sucks for locals but would love it!
That would be bad for locals but tourism will boom again if the blue dollar goes up. I am lucky. I rent out my apartment in Soho and even with tourism down it has done ok. Prices are lower but if you are in a good area of Soho or Hollywood or other good parts of Palermo and have a nice place you will do ok. My apartment is in Palermo Uno a high rise in Soho. Much of the building was Airbnbs but many owners have switched to long term rentals so maybe that is why my place is still doing ok.
daveholman
Well-known member
A US trade war with China will be a boon to Argentina and all of LATAM; their exports will be comparatively cheaper than China's. IOW if shoes made here are tariffed 10%, while shoes made in China have a 150% tariff, guess who sells more shoes?
And Trump deliberately weakening the dollar is great for every country that doesn't use the dollar.
Problem is manufacturing here is terrible. Quality is terrible. The protectionist policies have enabled local companies to never have competed. Quality sucks here. Like China or hate them, not many countries can match their productivity and prices. Pathetic thing about Argentina is even if china had a 150% tariff they would probably still do better than locally made stuff. With few exceptions here quality is terrible and prices are very high. Peso is still terribly overvalued.
daveholman
Well-known member
As opposed to China? 😉
earlyretirement
Moderator
Betsy Ross
Well-known member
Most people that I know in the USA that voted for Trump regret it now.
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