The US will redouble its bet against China and Argentina is left in a somewhat uncomfortable position in the current international context in which it is close to Donald Trump, but needs to maintain a good bond with the Asian country.
The president-elect of the United States, Donald Trump, announced that will impose additional tariffs from China, Mexico and Canada and, according to the expert in international trade Miguel Ponce in dialogue with Scope, “he made it clear, thus, that the only war he is going to keep going is the commercial one with the Asian giant.” The Republican’s statements immediately had an impact on the markets this Tuesday and, within the framework of the ideological and political closeness between the Argentine president, Javier Milei, and the American, the big question is how this position can have an impact on our country.
It is worth remembering that The Argentine government maintained a very unstable relationship with China since the beginning of the current administration, with an initial confrontation in the diplomatic and discursive sphere of President Milei, who later relented. This is combined with his close relationship with the next American president and in a context in which, as he tells Scope Federico Vaccarezzaexpert in international relations “discounts is a greater intensity of trade and technological tensions between Western bloc countries and China.
“Since Argentina established its bilateral relationship with China, decades ago, the relationship with that country has always grown and evolved well in commercial and cultural matters over the years, but today is in a tense moment“, says Gustavo Girado, economist and former consul general and counselor of the Argentine embassy in China.
He comments that the current government took hostile policies against that Asian nation and that this caused relations to cool in many projects. “They took actions that hampered key projects and put bilateral progress at risk achieved in trade, investment and cultural cooperation,” he points out.
However, after the need to renegotiate the swap with China and given the pressure to maintain the commercial link with one of Argentina’s main trading partners, a change was seen in that sense. “Little by little, he orients his diplomatic stance towards moderation and pragmatism,” says Vaccarezza.
However, Milei did not completely give up his position and remains committed to maintaining his alignment with the United States. “President Javier Milei now has a more accommodating and pragmatic position with China, but there is no change in his ideological line,” says Girado.
However, for Marcelo Elizondo, analyst and consultant in international business, “Argentina should not be affected much because the US is not bothered by the trade of commodities with other countries, which is basically what we sell to them.” He indicates that what bothers the northern country the most is the sale of goods that affect public security or defense. Thus, Elizondo considers that “Argentina will be able to continue trading without any objection from the US with China.”
News in development.-
Source: Ambito
