The week ended as it had to end: the “reciprocal tariffs” announced Wednesday by Trump followed the retaliation of China that imposed an aliquot of 34% to US products. The world’s bags accused receipt. Falls in New York, Tokyo and Paris. The most important thing: the Argentine economy was one that suffered the most.
In a rapid panorama:

  • In Wall Street the ADR (US deposit certificates) of Argentine companies operate this Friday with strong falls of up to 14.1%. Among the most affected are the banking and energy: Banco Superville (15%), TGS (13%), YPF (11%), BBVA (13.5%), macro (13.5%) Galicia (11.9%), Loma Negra (11.8%).
  • The Merval, the Buenos Aires stock market, is sinking 8% measured in pesos and 8.6% measured in dollars. At 11.30 am the fall reached 10.2%.
  • Sovereign bonds also fall strongly: 2%.
  • This leads to a country jump: 48 basic points, which made it reach 925 points at the beginning of the morning and remains at 906 at the moment.

    The crisis occurs within the framework of the national government attempts to confirm a new IMF loan, which allows it to continue its monetary policy to the elections.

    As we analyzed this week, this Friday’s data confirms that the Government faces a deepening of its contradictions: applying a devaluation would take firewood to the fire of inflation, leaving the central axis of its political discourse without sustenance. “The real problem is not monetary or tariffs, but the submission to the interests of American imperialism and in particular to the payment of the fraudulent external debt. The capitalist crisis that opens the commercial war has no favorable way out for workers within the rules of Trump and the IMF.”

    The counterpoint is becoming clearer: they are them or us. The Left Front raises the break with the IMF and the non -payment of the external debt, from the mass mobilization of the working people that defeat Milei’s plan and the great entrepreneurs and impose an exit in favor of the interests of the great majorities.


  • Source: www.laizquierdadiario.com



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