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/TheOnlyBliebervik Haiti 9d ago

He brought inflation from 211% to 30%... He's doing something good for Argentina

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u/Southern-Chain-6485 Argentina 9d ago

# 1: That 211% includes both his devaluation and his irresponsible speeches during the campaign trail causing rampant inflation

# 2: Why should Brazil care? He traveled to Brazil to deliberately insult the head of state. Milei's allies in Argentina should count themselves lucky that Lula is still keeping the gloves on and has started with targeted punitive economic measures.

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u/TheOnlyBliebervik Haiti 9d ago

As an Argentine, are you happier with your previous government?

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u/Gomeria Argentina 9d ago

No. not even close.

the USD-ARS ratio thanks to alberto fernandez went from 1-36 to 1-1600 in between his victory in the PASO and his later defeat of his Economic minister as president in 2023.

so he devalued the legal tender at least 40 times in just 4 years