In the announcement made by President Donald Trump on Wednesday of his new tariff policy, All the products exported by Argentina to the United States are reached by the 10% basic tariff which established the Republican Administration. “This is a tremendous achievement, they just given us a treatment equivalent to a country with a free trade agreement,” Government sources pointed to the field and add “They have given us a better treatment than Israel (17%tariffs).”
The commercial relationship between both countries and the request of a new Argentina Assistance Program by the International Monetary Fund They will be central themes of the conversation between the two leaders, as he could know Scope.
Meanwhile, referring to Trump’s tariff measures, Economist Jeffrey D. Sachs said that “To close the commercial deficit, the United States should close the budget deficit. Imposing tariffs will increase prices (such as cars), but it will not close the commercial or budget deficit.”
There are those who could not stop making a comparison with the Milei policies that go in the opposite direction, that is, the budget deficit and a tariff reduction.
According to the IMF
The director of the IMF, Kristalina Giorgieva He stated in recent statements his expectation that the negotiations are completed before the “Spring Meeting” that will take place as of April 21. Consequently, the Board should approve the program no later than Thursday 17.
In the meantime and to quiet the spirits, days ago the Minister Caputo agreed with Giorgieva to announce that the country requested an assistance of US $20 billion and that the disbursement of most of this loan is made in the first section.
These statements contributed to improving the weather in the market (on Tuesday the BCRA bought currencies cutting a 12 -day selling streak) but would have a political cost since, as it transpired in Washington, These advances would not have been well received in the media of the Board of Directors, particularly by the representatives of Germany and Japan who are the ones with the toughest positions.
In the US capital, it caught the attention that Giorgieva, in combination with Caputo, authorized the dissemination of the loan amount and the possibility of an important initial disbursement, in addition to suggesting the date of treatment of the Argentine case. They are all issues on which the decisions correspond to the directory and it is interpreted that these advances would seek to condition them.
They explain thatGiorgieva, who is a more “political” official in the fund is playing in favor of Argentina given the good relationship of the national government with the United States, the main contributor of the IMF.
The good relationship that Milei cultivated with his American pair, Donald Trump outlined the support of the US that have most of the votes in the IMF directory And historically it was the country that brought the singing voice. Howevernow the situation could change from the aggressive positions of the Republican Administration in international trade.
The Argentine government complied with almost all the goals requested by the IMF and in a prominent manner in matters such as the prosecutor, but not regarding the accumulation of reserves. Precisely the technical line of the fund has been insisting on the need to modify the exchange policy and should not surprise that the representatives in the Board of the critical countries of Argentina rely on these proposals to demand corrections and move towards greater exchange flexibility. However, at all times the driving of the Treasury Palace He denied that there will be alterations in the change market.
Source: Ambito
