BUENOS AIRES, Argentina — Vice President Mike Pence is in Argentina, where he’s expected to praise President Mauricio Macri’s economic reforms days after local primary elections that were seen as a boost for Macri’s pro-business agenda.
Pence is expected to meet with local officials, hold a joint press conference with Macri, and deliver a speech at the Buenos Aires stock exchange focused on economic ties between the two countries as part of a week-long visit to Latin America.
Investors have praised Macri’s decision to cut government spending, reduce taxes on exports and end economic distortions that led to years of high consumer prices under his left-leaning predecessor. But job cuts and the slashing of utility subsidies have also stoked unrest in a nation with a long tradition of providing generous state jobs and benefits.
Macri and President Donald Trump enjoy a personal relationship dating back years from their days as businessmen, and both had hoped to leverage those ties to bolster U.S.-Argentina relationship after years of anti-American posturing by Macri’s predecessor, Cristina Fernandez. …