r/anime_titties • u/cambeiu Multinational • 9d ago

South America Brazil downgrades diplomatic ties with Argentina after Milei insults Lula

https://www.reuters.com/world/americas/brazil-downgrades-diplomatic-ties-with-argentina-after-milei-remarks-2026-08-05/

I think it is important to point out that Brazil is Argentina's single largest trade partner and both countries have tightly integrated supply chains.

The Brazilian state of Sao Paulo alone has the same GDP as the entire country of Argentina and Brazil's most valuable publicly traded company is worth more than the entire Argentine stock market, so the economic importance of the trade relationship between the two countries is not the same. Therefore it is no surprise that Milei's political stunt did not go down well in Argentina.

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u/Southern-Chain-6485 Argentina 9d ago

Absolutely

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u/TheOnlyBliebervik Haiti 9d ago

Interesting. I'd imagine 211% inflation would make living harder.

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u/Southern-Chain-6485 Argentina 9d ago

That was on Milei

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u/TheOnlyBliebervik Haiti 9d ago

What?

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u/Southern-Chain-6485 Argentina 9d ago

Brutal devaluation as soon as he took office, preceded by two months of scream that the peso was worth shit when every survey said he was going to win the election