Politics What does Trump's victory mean for Argentina?

[Uncle Wong]

But it's not an accident we have the world's reserve currency.

China is pushing to increase their share but not sure they will get anywhere. USD reigns supreme.

China’s Xi calls to make Renminbi “a powerful currency,” as Trump is ready to change Fed’s chair

China’s President Xi Jinping has called for the renminbi to achieve global reserve currency status, “a powerful currency” according to remarks published on Saturday in Qiushi, the Chinese Communist Party’s flagship ideology journal.

en.mercopress.com

 

[VINO]

Argentine President Javier Milei opened Congress’ 144th regular legislative session with an address focused on foreign policy, security and a broad reform agenda. He called for a “lasting strategic alliance” with the United States and said “it is time to turn this into a state policy,” while laying out a plan to send reforms to lawmakers in staggered packages.

Washington alignment and South Atlantic framing

On geopolitics, Milei argued the relationship with Washington should not hinge on personal understandings between leaders. “This is not only an agreement between President -Donald- Trump and President Milei. It has to do with cultural affinity and strategic objectives between two countries and across the region,” he said, projecting a “century of the Americas,” “from Alaska to Tierra del Fuego.”

He placed that alignment within a strategic reading of the South Atlantic. “The South Atlantic is the ground of strategic disputes in the coming decades: trade routes, natural resources, maritime sovereignty and a growing presence of actors who do not share our values,” he said, adding he would send initiatives “to strengthen coordination between security forces and intelligence.”

Milei also portrayed the US relationship as support that goes beyond economics. In the same speech, he said “the government of Donald Trump” had come “to help” Argentina, and argued the assistance also relates to the country’s international standing.

Milei urges US “strategic alliance” as “state policy,” outlines sweeping reform push in Congress speech

Argentine President Javier Milei opened Congress’ 144th regular legislative session with an address focused on foreign policy, security and a broad reform agenda. He called for a “lasting strategic alliance” with the United States and said “it is time to turn this into a state policy,” while...

en.mercopress.com

 

[ben]

Milei promises monthly reform package in insult-laden speech | Buenos Aires Times

 

[Avocado]

Milei's relationship with Trump might look good now but if Trump goes down in flames and Democrats win in the next election then Argentina will lose all support from Trump and the USA. Could be terrible timing.

 

[earlyretirement]

Milei's relationship with Trump might look good now but if Trump goes down in flames and Democrats win in the next election then Argentina will lose all support from Trump and the USA. Could be terrible timing.

Actually that is a valid concern Avocado. USA is offering tremendous support to Argentina right now but the point you are making is one that many of my local friends that own businesses bring up all the time.

In fact, I was on a conference call with Craig yesterday with a developer and he mentioned exactly that. That things will be ok as long as Trump/Republicans get re-elected but things could get difficult for Argentina without support and the backstop.

 

[Finance Prof]

Actually that is a valid concern Avocado. USA is offering tremendous support to Argentina right now but the point you are making is one that many of my local friends that own businesses bring up all the time.

In fact, I was on a conference call with Craig yesterday with a developer and he mentioned exactly that. That things will be ok as long as Trump/Republicans get re-elected but things could get difficult for Argentina without support and the backstop.

Yes that swap line from Bessent keeps players in line but without that we would see a different story.