#video from #Mother-Jones of the leaked group chat text on #China #soybeans: “Finally - just a heads up. I’m getting more intel, but this is highly unfortunate.
We bailed out Argentina yesterday (Bessent) and in return, the Argentine’s [sic] removed their export tariffs on grains [sic], 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.” #Trump #USA #politics
on 02025-10-29#news #video about #Trump’s #Argentina bailout from the #WSJ, mentioning how #China bought millions of tonnes of Argentine #soybeans after #Milei dropped export retenciones after the September US$20B bailout (structured as a currency swap), enraging some #USA farmers. Also apparently in October the US Treasury bought pesos for the Exchange Stabilization Fund! Then there was an additional US$20B “private finance facility”.
on 02025-10-17