President Javier Milei has launched a diplomatic push for a fresh trade agreement with Washington.
The effort underscores Milei’s strategy to position Argentina as a competitive global player—one ready to make bold moves in a shifting economic landscape.
At the heart of this initiative is Foreign Minister Gerardo Werthein, who is set to meet U.S. Secretary of State Marco Rubio in the coming days. Their discussions are expected to revolve around easing trade tensions and crafting a deal that benefits both nations. This development comes just as the U.S. prepares to activate new tariffs under President Donald Trump’s “Liberation Day” policy, a sweeping move that’s rattled trading partners around the world.
President Milei, known for his outspoken libertarian views and market-driven economic reforms, believes closer ties with the United States are crucial. He’s banking on this partnership not only to soften the tariff blow but to stimulate trade that has historically fluctuated—valued at around $13 to $16 billion in recent years.
In a recent address to the nation, Milei tried to reassure Argentines weary from years of economic turmoil. “Happy times are coming,” he declared, pointing to falling monthly inflation and a renewed push for free-market policies. Part of this optimism hinges on Argentina’s upcoming role as president of the Mercosur trade bloc.
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Milei plans to use that platform to push for greater independence among member states, including the ability to negotiate individual trade deals—a clear hint at his intent to prioritize a U.S. agreement even if it causes friction within Mercosur.
In fact, the Argentine leader hasn’t ruled out a drastic move: leaving Mercosur entirely if it stands in the way of a U.S. trade deal. Speaking at the World Economic Forum, Milei said he’s open to exit if the regional bloc becomes more of a hurdle than a help.
Beyond the politics, the stakes are high for Argentina’s economy. Milei is also working to dismantle long-standing currency controls that have deterred foreign investors for years. The goal, he says, is to create an open, investment-friendly Argentina—one that’s no longer shackled by outdated policies or regional red tape.
While some critics see Milei’s alignment with Donald Trump as risky, especially given global uncertainty, supporters argue that a direct channel to Washington could unlock real opportunities.