Argentina warns Trump: ‘Nationalism will not make your economy richer’

guardianArgentina, which is poised to take over the leadership of the G20 group of developed and developing nations later this year, has warned Donald Trump that protectionist trade strategies do not work.

Nicolás Dujovne, the country’s finance minister, said that Argentina’s own recent anti-free trade policies showed that closing borders did more harm than good.

“We’ve been there”, Dujovne told the Guardian . “Protectionism and nationalism will not make your economy richer and will not accelerate growth. It will increase stagnation and poverty.”

Argentina’s centre-right president, Mauricio Macri, has moved the country in a markedly free-market direction after succeeding Christina Fernández de Kirchner in December 2015, ending capital controls, and introducing an austerity programme and reduction in subsidies.

Dujovne, in Britain after attending the weekend meeting of G20 finance ministers in Germany, said he wanted to send out a message that his country was keen on attracting inward investment from Britain and would be interested in a post-Brexit free trade deal. …

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During the last several decades, the United States has invested billions of dollars in trying to help the governments of Latin America and the Caribbean deliver better lives for their citizens. This has meant helping them increase internal security by combating the illicit growing and trafficking in narcotics and the activities of terrorist groups, as well as helping them to shore up their democratic and free market institutions.

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