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Politics What does Trump's victory mean for Argentina?

Good article today mentioning the obvious that USA isn't always able to save Argentina. Even if they get more IMF money could blow through it all if they aren't careful. Seems like the same cycles and same things happen. China has a better chance to help Argentina than the USA does.

And if Trump actually goes through with the tariffs it will sink Argentina.

cenital.com

Milei y Trump: la secuela de Menem y Bush

El presidente electo de EEUU es la esperanza del Gobierno para conseguir fondos frescos, pero sus políticas podrían complicar a Argentina.
cenital.com cenital.com
 
Larry said:
Well according to Trump he doesn't need Latin America. They need the USA. 😵

www.batimes.com.ar

Trump on Latin America: 'We don’t need them – they need us'

US president's remarks indicate his forthright approach to future policy; Trump insists he will regain control of Panama Canal, sends troops to Mexican border, but Marco Rubio’s eye will remain on wider region.
www.batimes.com.ar www.batimes.com.ar
Click to expand...
A manifestly true and obvious statement. And, at a guess, Argentina won't be subjected to tariffs - the US runs a trade surplus with Argentina.
 
Betsy Ross said:
I am always amazed at the staying power of the USA as a global power. Talk of it's constant demise are always wrong. Lots of staying power.
Click to expand...
Trump says things out loud that he should keep to himself. We are fortunate to have the world's reserve currency. We are printing so much money it is scary. We are a debtor nation. I do think one day things won't be so great. We do need Latin America. USA wouldn't last without the cheap labor pool from Mexico and other Latin American countries.
 
Finance Prof said:
Trump says things out loud that he should keep to himself. We are fortunate to have the world's reserve currency. We are printing so much money it is scary. We are a debtor nation. I do think one day things won't be so great. We do need Latin America. USA wouldn't last without the cheap labor pool from Mexico and other Latin American countries.
Click to expand...
But it's not an accident we have the world's reserve currency.
 
Is anyone else concerned that Milei seems to be aligned too much with the USA even if it won't benefit Argentina? Or maybe Argentina's relationship to China will somehow tip to a negative point just because Milei is trying to mirror everything Trump is doing.

batimes.com.ar

Milei the copycat

Pegging Argentina’s foreign policy to the United States is a risky strategy.
batimes.com.ar batimes.com.ar
 
daveholman said:
But it's not an accident we have the world's reserve currency.
Click to expand...
True and it will be the world's reserve currency for a long time. I can't see any replacement in the cards any time soon.

Peabody said:
Is anyone else concerned that Milei seems to be aligned too much with the USA even if it won't benefit Argentina? Or maybe Argentina's relationship to China will somehow tip to a negative point just because Milei is trying to mirror everything Trump is doing.

batimes.com.ar

Milei the copycat

Pegging Argentina’s foreign policy to the United States is a risky strategy.
batimes.com.ar batimes.com.ar
Click to expand...
In Milei's eyes he has everything to gain and very little to lose becoming aligned with the USA and Trump. I believe a good relationship with the USA and China can co-exist.
 
Uncle Wong said:
I'm actually very surprised to hear that Argentina exports steel to the USA. That is surprising.
Click to expand...

Not much but they do. Tariffs on steel imports aren't anything new. In 2018 the US imposed 25% on steel imports but Argentina negotiated a quota system instead of tariffs so they can export a certain amount without the extra %.

Most of Argentina's steel production is used domestically or neighboring countries. Ternium Argentina and Acindar owned by Arcelor Mittal are the main players.
 
Wally said:
Not much but they do. Tariffs on steel imports aren't anything new. In 2018 the US imposed 25% on steel imports but Argentina negotiated a quota system instead of tariffs so they can export a certain amount without the extra %.

Most of Argentina's steel production is used domestically or neighboring countries. Ternium Argentina and Acindar owned by Arcelor Mittal are the main players.
Click to expand...

Yep and Acindar announced some layoffs. They were already hurting but the 25% tariff made a tough situation worse for that industry in Argentina.

Acindar, a steel company controlled by the ArcelorMittal Group, has agreed with the Metalworkers Union (UOM) on a staggered worker suspension scheme to avoid massive layoffs.

The measure will initially affect about 200 employees next week and could extend to a total of 970 workers by the end of the year.

This decision is due to a significant decline in steel production and demand, which has been exacerbated by the 25% tariffs imposed by the United States on steel and aluminum imports.

Suspended workers will receive a reduced salary: 80% of their salary in February, 78% in March, and 75% from April to December 2025.

Additionally, Acindar has implemented a voluntary retirement plan that has received 200 applications and plans to eliminate another 200 indirect positions through the renegotiation of agreements with contracting companies.

https://twitter.com/x/status/1889827428207411469
 
JonJLA said:
It will be interesting to see if Milei is able to get Trump to change his mind before they go into effect.

www.batimes.com.ar

Trade war puts Milei’s Trump-first foreign policy to the test

Javier Milei has spent his presidency cozying up to Donald Trump. But Argentina’s suddenly vulnerable position on tariffs demonstrates that not even friends are clear of Trump’s trade ire.
www.batimes.com.ar www.batimes.com.ar
Click to expand...
I think Milei is finding out the Bromance is over.

 
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