At some point, entrepreneurs in Argentina's refrigeration sector were hopeful because Donald Trump had sanctioned them less—imposing import tariffs of 10%—than their Brazilian counterparts, to whom he imposed an additional 40% in fees to sell meat to his country. It was curious how they celebrated someone else's misfortune among those who should be natural partners since they are part of Mercosur. But that is often how entrepreneurs behave.
This scenario lasted only a few months. Last week, first, the U.S. government reversed course and reduced the 10% tariffs for beef and other foods (such as fruits) from several countries like Argentina. Then, local entrepreneurs celebrated doubly, as they gained even greater competitiveness to sell meat to the U.S., while the Brazilians continued to suffer.