China buys Argentine soybeans after tax drop, leaving US farmers sidelined
China buys Argentine soybeans after tax drop, leaving US farmers sidelined
www.reuters.com
reuters.com
Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
Archived version: https://archive.is/20250923145806/https://www.reuters.com/world/china/chinese-buyers-book-least-10-argentine-soybean-cargoes-sources-say-2025-09-23/
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Argentina currency lost 50% in last few months. US is bailing them out because Milei "market austerity" has to be "proven". It's not as though China wouldn't buy cheap Argentina soybeans anyway, but there's a nice irony that leopards are eating Trump supporting farmers faces, while he props up Argentina from economic collapse.