‘Strap in’: Imports surge and markets fear return of ‘libertarian Milei’

[Blockchain]

‘Strap in’: Imports surge and markets fear return of ‘libertarian Milei’ - Buenos Aires Herald

Local manufacturers say they’re liquidating inventory to cover day-to-day expenses as imports of finished goods hit record highs

buenosairesherald.com

 

[Uncle Wong]

I doubt local manufacturers can compete against the Chinese. Talked to an amiga and she talks about all her friends buying Shein. No amount of local companies can compete against those companies from China. I always wondered about this and how it turns out.

 

[Esposas]

‘Strap in’: Imports surge and markets fear return of ‘libertarian Milei’ - Buenos Aires Herald

Local manufacturers say they’re liquidating inventory to cover day-to-day expenses as imports of finished goods hit record highs

buenosairesherald.com

These companies were never competitive. They were overpriced and poor quality. Too much protectionism and taxes. Consumers are loving the lower pries and doubt they care where these items are produced and care more about price.

Without this protectionism these local companies had to get competitive but they never did. Prices were outrageous. Instead of making money on volume they were always overpriced. I applaud Milei for bringing competition and making these Argentine companies compete. The problem with this is many locals are losing their jobs and more will close down.

 

[Piranha]

These companies were never competitive. They were overpriced and poor quality. Too much protectionism and taxes. Consumers are loving the lower pries and doubt they care where these items are produced and care more about price.

Without this protectionism these local companies had to get competitive but they never did. Prices were outrageous. Instead of making money on volume they were always overpriced. I applaud Milei for bringing competition and making these Argentine companies compete. The problem with this is many locals are losing their jobs and more will close down.

True and many foreign companies are pulling out of Argentina because it does not make sense. Add Whirlpool to the list that announced they will stop producing items in Argentina. Can't make money.

 

[lemonade]

What I am noticing is more and more of my friends are going into serious credit card debt now just trying to pay for things.

 

[enbits]

These companies were never competitive. They were overpriced and poor quality. Too much protectionism and taxes. Consumers are loving the lower pries and doubt they care where these items are produced and care more about price.

Without this protectionism these local companies had to get competitive but they never did. Prices were outrageous. Instead of making money on volume they were always overpriced. I applaud Milei for bringing competition and making these Argentine companies compete. The problem with this is many locals are losing their jobs and more will close down.

Plain facts my friend!

 

[I Love Mate]

Plain facts my friend!

Agree! Prices are still too expensive for the quality. I hope the competition and less taxes keeps causing prices to go down.

 

[jbeas176]

maybe the manufacturers in argentina need to learn about outsourcing

 

[jbeas176]

i have never understood why the americas don’t just develop resources within the continent. we have cheap labor, resources and the ability introduce curiculum in the universitys to satisfy what ever a company needs. add free trade and boom you just saved a bunch of money on the boat ride and import taxes. sounds like a big advantage to me and create jobs in the process

 

[jbeas176]

can’t tell me the gov or individual companies can’t buy a factory from asia and ship it over with foreign workers adept at operating it until you catch up

 

[jbeas176]

you have a great university and rare earth minerals. lets start with chip manufacturing

 

[jbeas176]

i can’t be president but could start with business development. 😂😂👏

 

[CraigM]

you have a great university and rare earth minerals. lets start with chip manufacturing

Sure just need a couple decades of intensive education and training, borrow another $50 billion to construct large scale operations, change the official work week to 6 days/80 hours and eliminate all public holidays. Argentina you've got this!

 

[ben]

Sure just need a couple decades of intensive education and training, borrow another $50 billion to construct large scale operations, change the official work week to 6 days/80 hours and eliminate all public holidays. Argentina you've got this!

I think all agree the turn around in Argentina will take a tremendous amount of time.

 

[jbeas176]

degrees in engineering or coding or ai are 4 year degrees in the us. you can volunteer for summer jobs with companies you wand to work for. with all the savings from boat rides and import fees you probably could afford to pay a reasonable wage with a 40 hour work week. you can have 3 shifts at 40 hours. no reason to mistreat the workers. its
possible iif we open our minds and push for it. don’t forget companies will invest in good opportunities

 

[jbeas176]

inovation has a way of working out

 

[jbeas176]

phoenix has at least 2 companies investing 150 billion. amd and google investing in intel to make tpu chips for the product.

 

[jbeas176]

they are using small nucler sites to supply the electricity

 

[jbeas176]

i used to build data centers both ac and dc. we used air to cool things down. water is a choice and me personally i don’t like cooling down electronics with water.

 

[Uncle Wong]

degrees in engineering or coding or ai are 4 year degrees in the us. you can volunteer for summer jobs with companies you wand to work for. with all the savings from boat rides and import fees you probably could afford to pay a reasonable wage with a 40 hour work week. you can have 3 shifts at 40 hours. no reason to mistreat the workers. its
possible iif we open our minds and push for it. don’t forget companies will invest in good opportunities

Argentina seems like it has a high amount of educated and skilled labor. If I understand things correctly that isn't the issue but the labor and employment laws and tax system that is jacked up in Argentina that needs to be fixed that Milei is trying to fix in the upcoming months.