Today, the ADRs of Argentine stocks on Wall Street are experiencing declines of up to 5% due to the turmoil in the markets following the implementation of the import tariffs imposed by Donald Trump. This situation is also affecting sovereign bonds and the Country Risk, which remains above 750 points.
In this adverse context, Argentine assets are unable to withstand the uncertainty, despite Trump's declaration that he would be willing to consider a Free Trade Agreement with Argentina. However, these words have not alleviated concerns about the possibility of a new round of tariffs that will take effect on April 1st and could impact Argentina.
At midday in Argentina, the biggest declines were being experienced by Transportadora Gas del Sur (5.3%), YPF (5.2%), and BBVA (4.8%). It is important to highlight that the Buenos Aires stock market is not operating due to the Carnival holiday, which does not contribute to a favorable scenario for the reopening of operations tomorrow.
