Argentina Economy Minister Caputo attacks UIA, vows end to business subsidies

Argentina's Economy Minister Luis Caputo publicly criticized the Industrial Union of Argentina (UIA), stating it is 'immoral and unjust' for society to pay up to ten times more for the same products than in neighboring countries, and that the government cannot continue 'subsidizing certain businessmen.' This marks a sharp escalation in the government's rhetoric against domestic industrialists, signaling a potential policy shift toward reducing protective measures and subsidies. The move could strain relations with key business allies and signal further deregulation, but the practical impact on tariffs and subsidies remains uncertain.