Tag

Milei

All articles tagged with #milei

Argentina advances sweeping labor reform critics call anti-union
world2 days ago

Argentina advances sweeping labor reform critics call anti-union

Argentina’s Senate is poised to approve a broad labour reform that would weaken unions, extend the maximum workday to 12 hours, reduce severance costs, and allow direct employer-employee negotiations while phasing out national labour courts in favor of an hour-bank system; supporters say it will boost formal employment and business predictability, while critics call it unconstitutional, harmful to workers, and unlikely to create jobs amid high informal employment and ongoing protests.

Argentina-U.S. trade pact slashes tariffs, opens markets under Milei-Trump alignment
world23 days ago

Argentina-U.S. trade pact slashes tariffs, opens markets under Milei-Trump alignment

Argentina and the United States signed a broad trade and investment agreement that eliminates reciprocal tariffs on hundreds of goods—Argentina removing barriers on more than 200 categories and the U.S. scrapping tariffs on about 1,675 Argentine products—while allowing tariff-free entry under quotas for sensitive items like vehicles, live cattle, and dairy. The deal also aims to boost U.S. imports of Argentine beef to 100,000 tons annually, and the U.S. will review its 50% steel and aluminum tariffs rather than abolish them outright. The accord underscores Milei’s pro‑market pivot and strengthens ties with Washington, though it faces domestic pushback from cattle ranchers and some lawmakers who oppose subsidies or tariff relief.

Lula and Milei Dispute US-Venezuela Tensions
world2 months ago

Lula and Milei Dispute US-Venezuela Tensions

Brazilian President Lula warned against US military action in Venezuela, calling it a potential humanitarian catastrophe, while Argentine President Milei supported US pressure on Caracas; the summit also saw calls for the EU to sign a long-delayed trade deal with Mercosur.

US Bails Out Argentina Again Amid Political Risks
world4 months ago

US Bails Out Argentina Again Amid Political Risks

Argentina is seeking a $20 billion bailout from the US Treasury to address its ongoing economic crises, inflation, and currency instability, with suggestions that dollarization could be a more effective solution. President Milei faces political challenges and has yet to implement key reforms, including replacing the peso with the dollar, which experts believe could stabilize the economy. The country's history of defaults and crises suggests that current measures may only provide temporary relief.

politics2 years ago

"Argentina's Maverick Leader Javier Milei Makes Waves at CPAC and Meets with Trump"

Argentine economist Javier Milei, known for his anti-establishment views, met with former US President Donald Trump after hosting officials from the Biden administration. Milei has gained attention for his criticism of Argentina's government and economic policies, and his meeting with Trump has sparked speculation about his potential political ambitions.

finance2 years ago

IMF Approves $4.7 Billion for Argentina Despite Milei's Setbacks

The IMF chief remains confident in Argentine economist Javier Milei, describing him as "pragmatic" despite recent setbacks. Milei, known for his controversial economic views, has faced criticism for his role in Argentina's economic policy. However, the IMF chief believes in Milei's ability to navigate challenges and contribute to the country's economic development.