Argentina’s president seeks free trade agreement despite Mercosur roadblocks, while facing scrutiny over meme coin scandal.
Milei Aligns with Trump on Trade
Argentine President Javier Milei took the stage at CPAC, advocating for a US-Argentina free trade agreement. He echoed former President Donald Trump’s stance on reciprocal tariffs, but Argentina’s membership in Mercosur complicates negotiations.
“If we were not restricted by Mercosur, Argentina would already be working on a mutually beneficial free trade deal with the United States,” Milei said.
Milei Faces Scrutiny Over Libra Coin
Milei’s push for economic reform comes amid a crypto scandal. The Argentine leader is under investigation after endorsing Libra, a meme coin that plummeted 90% in value post-promotion. Federal prosecutors are probing potential financial misconduct.
High-Profile Meetings in Washington
Beyond trade and crypto, Milei met with key figures, including Elon Musk and IMF chief Kristalina Georgieva. Discussions with the IMF centered on Argentina’s debt restructuring, a major challenge for Milei’s economic agenda.
What’s Next for US-Argentina Relations?
Milei’s close ties with Trump and his bold trade stance could reshape Argentina’s economic future. However, legal troubles and Mercosur constraints may hinder his ambitions.
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