Argentine President Javier Milei Seeks Closer Ties with the US Amid Libra Coin Controversy

Argentine President Javier Milei is actively pursuing a free trade agreement with the United States, making his intentions clear at the Conservative Political Action Conference (CPAC) near Washington. Milei’s speech resonated with the conservative crowd as he referenced President Donald Trump’s stance on reciprocal tariffs. However, Argentina’s membership in the Mercosur trade bloc may hinder his ambitions.

Milei’s Trade Ambitions and Admiration for Trump

Milei expressed his desire for Argentina to be the first country to join a reciprocal trade accord proposed by the Trump administration. “If we were not restricted by Mercosur, Argentina would already be working on a mutually beneficial free trade deal with the United States,” he stated. Milei, 54, has openly admired Trump, 78, and has followed in his footsteps by committing to reduce government bureaucracy.

“I want to take this chance to announce that Argentina wants to be the first country in the world to join this reciprocal accord that the Trump administration proposed on trade matters.”

The Libra Coin Controversy and Its Impact

Milei’s recent endorsement of the Libra coin on social media has sparked controversy, with Federal prosecutor Eduardo Taiano reportedly investigating the matter. The Libra coin plummeted 90% in value after Milei’s endorsement. Similarly, Trump’s Official Trump coin has also experienced a significant decline, down over 78% from its all-time high.

Despite the controversy, Milei met with influential figures, including Elon Musk and International Monetary Fund chief Kristalina Georgieva, to discuss Argentina’s ongoing IMF debt deal and other economic matters.

Key Takeaways

  • Argentine President Javier Milei seeks a free trade agreement with the US.
  • Milei’s membership in Mercosur may hinder his trade ambitions.
  • The Libra coin controversy has sparked an investigation into Milei’s endorsement.
  • Milei met with influential figures, including Elon Musk and Kristalina Georgieva, to discuss economic matters.

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