In a note entitled “The Argentine Milei, a sorceress superestrellaopposes Trump on trade, “the American newspaper The Wall Street Journal This Sunday analyzed the relationship between the policies of both leaders, close to ideological matters.
The international commercial dynamics between Argentina and the United States captured the attention of that influential global medium. Although both leaders share certain ideological similarities, Your approach to trade shows considerable disparityaccording to that American medium.
The note indicates that, since the presidency assumed in December 2023, the libertarian leader has been promoting a series of reforms aimed at opening the Argentine market to the world.
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The exercise of professional and critical journalism is a fundamental pillar of democracy. That is why it bothers those who believe they are the owners of the truth.
With the aim of mitigating inflation and reforming one of the most closed economies, it promoted the elimination of tariffs and import restrictions. This, according to the analysis of the article, It resulted in a significant increase in foreign products in the local marketfrom German beer to Chinese tractors.
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However, the note indicates that this path drawn by the libertarian administration implies a counterpoint with what the White House is carried out from the return of the Republicans: “In terms of commerce, Trump and Milei are worlds apart. While Trump imposes tariffs on allies and enemies equally, Milei moves in the opposite direction to undo a protectionist economy and cause imports of imports“.
The article indicates that Milei’s reform also eliminated taxes on foreign currency and suppressed requirements for the certification of imported electronic products, decisions that decisions seek not only to reduce costs, but also to promote local innovation through competition with international products.
According to data from the same medium, total imports in Argentina increased 40% in February, also reflecting an increase in the arrival of products from China, the United States, Europe and Brazil.
Beyond the difference in commercial matters, the note highlights that “In other areas, Milei has emulated Trump. He has become friends with Elon Musk, he said he would get Argentina out of the World Health Organization, He has made a spoiled incursion into the meme coins and has restricted medical treatment for transgender children. “
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However, “In terms of trade, Argentines say Trump reminds Milei’s nemesis more: The leftist politicians of the Peronist movement who have long preferred commercial barriers, “underlines the note.
This medium emphasizes that Milei’s reforms have also begun to show fruits in terms of inflation, which was reduced to 56%, a significant decrease since the dramatic 200% when he assumed power. Likewise, the article indicates that these transformations have reduced foreign products, positively affecting the cost of local living.
The publication shows recent agreements, such as that of the province of Mendoza with India to import medications for diabetes at half price, or how fertilizer costs have fallen 30% due to the reduction of tariffs.
Besides, Market opening has led Argentines to enjoy a variety of products in their marketsfrom Italian spaghetti to Greek olives, says the WSJ.
In the article, he also mentions the recent visit of the United States Treasury Secretary, Scott Besent, who praised Milei’s reforms, highlighting the international interest in the change of course in Argentine economic policy.
However, the article warns that, for many economists, “Trump’s protectionist movements threaten the recovery that Milei has designed by increasing the risk of a global economic recession.”
On that path, he quotes Dante Sica, former Minister of Production during the government of Mauricio Macri, who warned of international turbulence: “It is as if he were landing a plane on a sunny day and suddenly he met a storm. The landing will be harder,” said the former official.
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