Trump’s momentous tariff schedule, legal only by reason of Congress’s dereliction of duty, came up with a multitude of negative reactions this week — with one exception: Argentina President Javier Milei’s.
Milei’s ratline disclosure was the subject of yesterday’s commentary by Paul Jacob, and Trump’s peculiar ambiguities regarding tariffs was tackled Tuesday. But the big story, now, is Argentine . . . free trade:
Speaking at an event at Trump’s Mar-a-Lago residence and resort in Florida, Milei delivered a brief speech as he received an award for his defence of free markets and conservative values.
Declaring he is ready to work side-by-side with the United States and Trump, Milei praised the US president and ruled out retaliatory measures.
“Argentina is going to move forward to readjust the regulations so that we meet the requirements of the reciprocal tariffs proposal developed” by Trump, Milei said, according to remarks briefed by his office.
“We have already met nine of the 16 necessary requirements , and I have instructed my country’s Foreign Ministry and Commerce Secretariat to move forward with the remaining requirements,” he said, speaking a day after Trump slapped 10-percent tariffs on Argentine goods entering the United States.
“Milei says he will change Argentina’s laws to mitigate Trump’s tariffs,” Buenos Aires Times (April 4, 2025).
Milei’s reaction to Trump’s outrageous “Liberation” tariffs is so far unique. Argentina’s “libertarian” president appears to bend over backwards to get along with the U.S.
In March, Trump said he was open to discussing the possibility of a free-trade deal with Argentina.
Milei, whom Trump calls a “great leader,” has said he is willing to pull Argentina out of Mercosur regional trade bloc if necessary.
Ibid.
The American president, in defiance of the consensus of political economy, has made much of concern with balance of trade — and Argentina, under Milei’s leadership, sported, this year, a positive balance of trade with the United States for the first time in many moons. So how does one square this circle?
If Milei succeeds, think of it as political alchemy, turning Trump’s leaden protectionism into golden free trade. We still wonder, has this been Trump’s goal all along? Based on his rhetoric, it seems a No; but if Milei’s reaction spreads, maybe then Yes.
