"President Donald Trump's tightening ties with Argentina have continued to vex rural American farmers, who have warned increased aid to the South American country will jeopardize the domestic agricultural economy. First, there was news of a $20 billion swap line arranged by Treasury Secretary Scott Bessent. Then there was revelation that Argentina was selling soybeans to China, which had cut U.S. imports to zero. Now, the Argentine cattle question is in open play."
"Trump proposed on Sunday that the U.S. could purchase beef from Argentina as a way to bring down prices for American consumers. Beef costs have ballooned as much as 12% in the past year. The suggestion was met with exasperation from U.S. cattle ranchers, who argued the move would disrupt the free market and introduce unnecessary risk factors to domestic beef supply."
President Donald Trump proposed purchasing beef from Argentina to lower U.S. grocery prices amid rising costs and expanded financial ties between the two countries. The U.S. arranged a $20 billion swap line and Argentina has been selling soybeans to China while U.S. imports fell to zero. U.S. cattle ranchers warned the beef purchase would disrupt the free market, add risks to domestic supply, and fail to reduce retail prices. Industry leaders highlighted a significant trade imbalance—Argentina selling over $800 million of beef to the U.S. versus just over $7 million exported to Argentina—and warned of foot-and-mouth disease threats. Argentina's President Javier Milei and a currency stabilization agreement with a $20 billion U.S. Treasury transfusion further strengthened bilateral ties.
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