Argentina’s presidential spokesperson, Adrián Ravier, said on Friday that new Unites States tariffs on imports, including goods from Argentina, are creating “tension” in the country, adding to the “external shocks” already weighing on the economy.
The new tariffs, which take effect on Friday, range from 10% to 12.5% for 60 countries, including Argentina. The measure applies to countries that account for 99.4% of U.S. imports.
“Right now, there’s tension over a decision by Donald Trump that also affects Argentina, in which he has imposed or increased tariffs,” Ravier said in an interview with the streaming channel Carajo.
“These external shocks are taking their toll, and suddenly the country risk rating — which was on the verge of dipping below the 400-point mark — is rising again,” he stated.
Ravier clarified that the rise in country risk “will have little impact on Argentines’ day-to-day lives” and that “there’s a macroeconomic trend showing that Argentina is on track with a stabilization plan that’s going very well.”
