The shares of Argentine companies on Wall Street and sovereign bonds surged the day after Donald Trump was re-elected president of the United States. Despite ideological affinity with President Javier Milei, analysts are cautious when gauging the potential economic benefits of the Republican businessman returning to the White House for Argentina.

Traded through American Depositary Receipts (ADRs), Argentine companies operating in the United States saw increases of more than 10%. At press time, at the top of the chart, telecommunications company Telecom grew by 10.6%, followed by the Grupo Superveille and Macro banks, whose shares increased by 9%. Bonds registered increases in the foreign market of up to 2.1% for the Global 2038 and Global 2041.

However, not everybody is convinced that the bonanza for Argentina will continue.

Todd Tucker, the Roosevelt Institute’s director of Industrial Policy & Trade, told the Herald that, despite the similarities in style, Trump and Milei do not see eye to eye in economic policy, and their differences could impact potential growth in trade between both countries. “It’s important to note that Trump is not a libertarian like Milei. He likes to use tariffs, and is open to using subsidies and market interventions like the Defense Production Act,” Tucker........

© Buenos Aires Herald