Argentina has a lot to lose in financial and commercial terms, especially in the agricultural sector, if Donald Trump, once he returns to the White House, complies with his protectionist threats, a real stone in the shoe for the objectives of the ultra-liberal Javier Milei.
Trump’s idea of imposing tariffs on imports of products from China, Mexico and Canada could unleash global effects that would hit Argentine exports at a time when its economy is bidding to get out of the recession.
Without sufficient monetary reserves, Argentina needs a greater flow of investments and a significant increase in its exports, two ways for foreign exchange income that could be seriously affected if Trump complies with his threats when he settles back in the White House on January 20.
The president-elect of the United States has announced a 25% surcharge on all goods imported from Mexico and Canada, as well as an additional 10% tariff on Chinese products, which would not only have economic consequences for those three countries.
An acceleration of the recession
“If Donald Trump finally puts tariffs on imports, it would have several effects for Argentina as a result of the global recession, the negative impact on demand by China and a reduction in commodity prices (raw materials or commodities),” Lisandro Mogliati, an Argentine consultant in international business and foreign trade expert, told EFE.
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The specialist explained that, if there is a tariff increase, there will be an acceleration of the recession worldwide due to the contraction of trade and an excess of global supply.
“In addition, the direct impact that China could suffer would contribute to the slowdown of its economy, which is one of the main markets for the raw materials that Argentina exports,” said Mogliati.
He added that this scenario could also “bring a drop in the price of agricultural raw materials, which is the main source of foreign exchange income from exports of Argentina,” one of the world’s largest producers and exporters of grains and derivatives.
The dilemma facing Argentina because of Trump
The shadows that loom over global trade with the threat of Trump – who had already adopted protectionist measures during his first administration (2017-2021) – come at a time when Argentina faces a dilemma.
On the one hand, it urgently needs to encourage its exports to enter foreign currency and have ‘oxygen’ to start its batten economy.
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On the other hand, Milei has progressively opened imports, not only for ideological reasons – he is a declared enemy of protectionism – but for economic reasons: it seeks to lower high inflation with the import of cheaper products than those produced in Argentina, even at the cost of reducing the trade surplus.
According to official data, Brazil, China and the United States are, in that order, the largest export destinations for Argentina and, in turn, the main markets of origin of their imports.
With a tense global trade, it is likely that competition between countries will be sharpened in the race to try to place surplus goods, and there Argentina, which lacks competitiveness, could have problems.
According to Mogliati, there would be a greater supply of Chinese products that, given the barriers in the United States, would look for alternative markets and “the same could happen with products from Mexico,” a food-producing country, such as Argentina.
Trump and Milei
If Trump raises tariffs and the prices of imported products in the United States become more expensive, the Federal Reserve of that country could raise interest rates to contain inflation, which would also affect Argentina financially.
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“That would imply that many of the funds would return to U.S. Treasury bonds to the detriment, for example, of bonds and other assets from emerging countries, such as Argentina,” Mogliati said.
Milei bets that his alignment with Washington in foreign policy and his close personal link with Trump will help him get new credits from the International Monetary Fund, increase bilateral trade and reach a free trade agreement with the United States.
But for Mogliati it is unlikely that trade opportunities with the United States will improve with a Trump who promises to protect the production of his country, whose agricultural sector is one of the main global competitors for the powerful Argentine agricultural sector.
“In addition, if Trump is thinking of leaving the free trade agreements to manage himself autonomously with the imposition of tariffs, I do not see it feasible that he can reach an agreement with the Argentine Government,” said the expert.
Florida officials warn against raw milk after dozens sickened
Unprocessed milk from a farm in Florida has sickened at least 21 people, prompting state authorities to issue a public health alert, U.S. media reported Monday.
The 21 cases include six children under the age of 10, all diagnosed with infections caused by E. coli and Campylobacterbacteria linked to raw milk from the farm in the southeastern U.S. state. Local authorities have also warned about the dangers of drinking unpasteurized milk.
Seven people have been hospitalized, two of whom have suffered complications, according to multiple reports.
The Florida Department of Health has urged the public to avoid raw milk consumption and blamed the outbreak on the farm involved—without naming it directly—citing poor sanitary practices.
Florida law prohibits the sale of unprocessed milk for human consumption, although it can be sold if labeled for pets. Pasteurization, which involves heating milk to kill harmful bacteria, is required under U.S. federal regulations for any dairy products sold across states.
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Despite these regulations, sales of raw milk have been increasing in recent years, fueled by online promotion from wellness influencers and advocates of unprocessed foods.
The U.S. Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC) warn that raw milk can contain potentially deadly bacteria such as E. coli, Campylobacter, Listeria, or Salmonella, which can cause symptoms ranging from diarrhea, vomiting, and indigestion to severe complications like kidney failure.
Massive wildfire in Southern France kills one, injures nine
Hundreds of firefighters battled on Wednesday to contain a massive wildfire in southern France that has left one person dead and nine others injured.
The blaze, which broke out Tuesday in the Aude department, is the largest recorded in France during the current summer season. Authorities have deployed 1,800 firefighters in an effort to bring it under control.
An elderly woman died in her home in the town of Saint-Laurent-de-la-Cabrerisse, while two others were injured—one in serious condition due to burns—according to the local prefecture. Seven firefighters suffered smoke inhalation injuries, and one person remains missing. The wildfire has already scorched an estimated 12,000 hectares of land.
“The fire is spreading very quickly due to unfavorable weather conditions. This is one of the driest areas of the department, and strong winds are fueling the flames,” said Lucie Roesch, secretary general of the Aude prefecture. Rémi Recio, subprefect for the city of Narbonne, added, “The fire is still spreading and is far from being contained or under control.”
The A9 motorway, which runs along the Mediterranean coast between France and Spain, has been closed in both directions between Narbonne and Perpignan, along with numerous secondary roads.
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In Saint-Laurent-de-la-Cabrerisse, the smell of smoke lingers over the charred hectares. A helicopter was seen drawing water from the river below the village and dropping it several kilometers away, AFP reporters observed.
A campsite and at least one village were partially evacuated, with 25 houses and around 35 vehicles damaged, according to a preliminary assessment.
French Prime Minister François Bayrou announced he will visit the affected area on Wednesday.
Japan marks 80 years since Hiroshima bombing with call for nuclear disarmament
Japan observed a minute of silence on Wednesday to mark the 80th anniversary of the atomic bombing of Hiroshima, a solemn reminder to the world of the horror it unleashed, amid heightened tensions between nuclear powers the United States and Russia.
At exactly 8:15 a.m. local time (23:15 GMT), the moment when the U.S. bomber Enola Gay dropped the “Little Boy” atomic bomb on August 6, 1945, the city paused to remember.
The bombing claimed an estimated 140,000 lives, not only from the devastating blast and fireball but also from the deadly radiation that followed. Three days later, another bomb dropped on Nagasaki killed 74,000 more. Japan’s surrender on August 15 marked the end of World War II.
On a sweltering morning, hundreds of students, survivors, and officials dressed in black laid flowers at the Hiroshima Peace Memorial. The city’s mayor, Kazumi Matsui, warned of “an accelerating trend toward military buildup worldwide,” citing Russia’s invasion of Ukraine and the ongoing war in the Middle East.
Japanese Prime Minister Shigeru Ishiba stated that Japan has a mission “to take the lead toward a world without nuclear weapons.”
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Today, Hiroshima is a thriving metropolis of 1.2 million people, yet the skeletal remains of one building still stand at its center as a powerful reminder of the tragedy.
Wednesday’s ceremony was attended by representatives from around 120 countries and regions, including delegates from Taiwan and Palestine for the first time.
Among the attendees was 96-year-old Yoshie Yokoyama, who arrived in a wheelchair accompanied by her grandson. She told reporters that her parents and grandparents were victims of the bombing.
