Overview
- At the Exposición Rural in Palermo on Sunday, President Javier Milei told producers that export duties "will keep falling" and said expansion of the energy and mining sectors will finance their eventual elimination.
- The Sociedad Rural Argentina president Nicolás Pino urged the government to abolish export duties "by law and forever," pressing for a legal guarantee that producers say they need for long‑term investment.
- The administration made no new tariff cuts at the event and Economy Minister Luis Caputo warned not to expect immediate further reductions, noting the May schedule of gradual cuts remains tied to revenue performance.
- Milei’s trip to São Paulo this weekend, where he backed Flávio Bolsonaro and insulted President Lula, drew sharp criticism from Brazil’s PT and triggered a diplomatic reaction with the Brazilian ambassador reported to depart for Brasilia.
- The speeches strengthen a political pact with the agro sector ahead of 2027 but leave open questions about timing and credibility because the government must balance electoral aims with fiscal limits and upcoming international engagement such as the IMF visit.