The election of leftist Alberto Fernandez in Argentina, who Brazil's right-...
BRASILIA - The election of leftist Alberto Fernandez in Argentina, who Brazil’s right-wing President Jair Bolsonaro has called a “red bandit,” sets the stage for a run-in between South America’s two biggest economies that could derail their Mercosur trade bloc.
Brazil-Argentina relations have been cordial and constructive since both shed military rule in the 1980s, despite traditional tensions in geopolitics and on the soccer field. The tweet riled Bolsonaro. “The first thing Fernandez did was to post ‘Free Lula’ saying he was unfairly jailed. So we can see where he is coming from,” Bolsonaro said.
Foreign policy and trade experts say the two economies are too interdependent to entirely break up Mercosur.
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