Between December 2023 and July 2025, 18,000 businesses have closed and 253,800 registered jobs have been lost, according to the Centre for Argentine Political Economy (CEPA). Alongside the exchange rate freeze, which made Argentina the most expensive country in South America, Milei’s government – unlike Donald Trump’s – has reduced or scrapped tariffs, leaving heavily taxed local industries at a disadvantage against Chinese imports.
https://www.theguardian.com/news/ng-interactive/2025/oct/26/do-populists-always-crash-the-economy?CMP=Share_iOSApp_Other