We bailed out Argentina yesterday (Bessent) and in return, the Argentine's removed their export tariffs on grains, reducing their price, and sold a bunch of soybeans to China, at a time when we would normally be selling to China.
This is legit hilarious: according to the US Secretary of Agriculture herself, Trump's bailout of Argentina means that US taxpayers are now effectively subsidizing Argentinian soybean exports to China - the very market American farmers have been shut out of.
All the funnier when you consider that one of the key objectives of the bailout is presumably to prevent Argentina - one of the US's only friendly governments left in South America - from moving closer to China. And instead it's effectively funding the exact opposite outcome.
This is according to this leaked text 
that Scott Bessent is reading from Agriculture Secretary Brooke Rollins (src: dailymail.co.uk/news/article-1), which says:
"I'm getting more intel, but this is highly unfortunate. We bailed out Argentina yesterday (Bessent) and in return, the Argentine's removed their export tariffs on grains, reducing their price, and sold a bunch of soybeans to China, at a time when we would normally be selling to China. Soy prices dropping further because of it. This gives China more leverage on us."
that Scott Bessent is reading from Agriculture Secretary Brooke Rollins (src: dailymail.co.uk/news/article-1), which says:
"I'm getting more intel, but this is highly unfortunate. We bailed out Argentina yesterday (Bessent) and in return, the Argentine's removed their export tariffs on grains, reducing their price, and sold a bunch of soybeans to China, at a time when we would normally be selling to China. Soy prices dropping further because of it. This gives China more leverage on us."
posted by Satish Sharma at
15:51
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