Argentina could see a resetting of some global ties depending on the result of its run-off presidential election later this month – although the value of trade with partners like China and Brazil may outweigh any short-term political posturing.

While Economy Minister Sergio Massa, a pragmatist in the ruling left-leaning coalition, has signaled policy continuity, radical libertarian candidate Javier Milei has sharply lambasted China, Brazil, the pope, South America’s Mercosur trade bloc and the China-led BRICS group.