Temporary suspension of export tax allowed Buenos Aires to close billion-dollar contracts with Beijing
Original content
The president of Argentina, Javier Milei, will officially visit the United States on October 14, where he will be received by President Donald Trump at the White House. The meeting is expected to consolidate a swap agreement of $20 billion recently announced by the U.S. Treasury Secretary, Scott Bessent. However, the operation has begun to generate discomfort in Washington after Argentina closed billion-dollar soybean sales contracts with China, one of the main target markets for U.S. producers. According to Reuters, Republicans have classified the measure as contradictory, since the U.S. offers financial support to the Milei government while Buenos Aires expands trade with Beijing. Last week, the Associated Press recorded Bessent reading a message attributed to the U.S. Secretary of Agriculture, Brooke Rollins, which described the situation as "unfortunate." The text criticized the Argentine decision to reduce grain export tariffs and take advantage of selling cheaper soybeans to ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.