Commercial War: They warn that Argentina can lose the commercial surplus this year

Commercial War: They warn that Argentina can lose the commercial surplus this year

Due to the first effects of the commercial war that began the United States government against its two main commercial partners, Mexico and CanadaArgentina could be complicated to obtain what are known as genuine dollars, which are those from international trade.

“We are going to have a surplus close to US $ 19 billion in 2024 (The latest data is still published), but with what is past I think we already lose it. Specifically, My fear is that we have commercial deficit. The most significant thing is that we stop having a commercial surplus and that we can have a deficit, ”Ponce said in statements to Scope.

The day of Monday started with a collapse from all international markets, as a reaction to what is considered the beginning of a commercial war environment of the new Donald Trump Republican Administration In the United States.

The increase 25% tariffs for Mexico and Canada will imply an immediate increase in inflation in the world’s first capitalist economy, What ends up translating into an increase in interest rates, such as collation, affects the price of commodities, which is the main exportable offer in Argentina.

Ponce considers that in this context “It is likely that China and Brazil buy us less” While due to falling Caputo prices you can lose commercial dollars.

“The quality flight has already begun, that is, to the treasure bonds, which increased almost 10% in the premarket,” Ponce warned who considers that a new global economic crisis could be unleashed similar to that in 1930.

The analyst warned that Just on the day when the coins globally are devalued with respect to the dollar “Argentina is in the opposite direction” When deepening revaluation lowering the 1% monthly depreciation rate from 2%.

“Today with the excuse of what is happening at the World Cup levelthe topic of crawling should be rethink. It would be necessary to keep it at least in what was before, ”he explained.

In Professional, director of the International Trade Studies Center of the 21st Century, he said that “If we already have a 20% delay and some say that it is more, then let’s not increase it to that delay. ” At least you have to maintain competitiveness. I know that you are affected by the outside, but do not add more and fire to the fire, ”he explained.

Source: Ambito

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