President Donald Trump counts U.S. farmers as one of his most loyal constituencies, but the administration’s recent move to expand economic support for Argentina has drawn the ire of the agriculture industry.
Treasury Secretary Scott Bessent said on social media on Wednesday that he and Trump spoke at length with Argentina president Javier Milei about plans to financially support Argentina to assist in its stabilization. The Treasury is negotiating with Argentina for a $20 billion swap line with Argentina’s central bank, Bessent said on X.com. As part of its effort to increase the flow of capital, Argentina also suspended its export taxes this week, including on soybeans.
