The recent announcement of the closure of Fate, a prominent Argentine tire producer, has drawn sharp criticism from the Peronist party, which claims that this decision reflects a broader trend of deindustrialization under President Javier Milei's administration. The Peronist leaders argue that Milei's economic policies prioritize free market principles and unrestricted imports, leading to further damage to the industrial sector and job loss, which they view as detrimental to the Argentine economy.

Furthermore, the Peronist party has raised concerns about an upcoming labor reform project that is set to be discussed in the Chamber of Deputies. They argue that this reform, if passed, will worsen the economic crisis faced by many in Argentina, particularly workers who are already vulnerable to job insecurity. The sentiments have been echoed by left-wing allies, who share apprehensions about the labor reforms reinforcing precarious working conditions in the country.

Governor Axel Kicillof also weighed in, describing the closure of Fate as a stark illustration of the negative impact of the national government's economic model. The discontent among the opposition highlights a growing divide over economic strategy in Argentina, with calls for a reassessment of policies that advocate for deregulation and import openness, which many fear will lead to a further decline in industrial employment and capacity.