Argentina and U.S. Sign Sweeping Trade Deal as Alliance Deepens

[carride]

Argentina will eliminate tariffs for over 200 American products, the Argentine foreign ministry said in a statement, including machinery, transport equipment and pharmaceutical and chemical products.

https://www.nytimes.com/2026/02/05/world/americas/argentina-us-trade-deal-trump-milei.html?unlocked_article_code=1.KFA.96VL.ngzzSzI4XUGj&smid=nytcore-android-share

 

[LuckyLuke]

Very curious to see how the additional options affect domestic producers. Certainly doesn't bode well. Clearly we are watching a redistribution of costs country wide. What's going down in costs via imports is being sucked up in rising rents, municipal taxes, utilities and professional services. Argentina was traditionally a very low rent, high cost products type of deal and perhaps we're going to see that reverse.

Chinese exports won't be cheap forever though...a shrinking population spells higher wages. It's a race to automate to maintain their margins.

China's birth rate hits record low as population continues to shrink

Beijing has been trying hard to encourage more young people to marry and have children.

www.bbc.com