The Argie knife in the back didn't take long

Your post makes me wonder how many of the members of this group feel, like you, that one can expect, sooner or later, a betrayal and a knife in the back from an Argentine.
 
Why is it a knife in the back for Argentina to sell soybeans to China or who ever wants to buy them? I guess you can blame Milei for temporarily lifting the grain tax to raise even more capital, but don't you guys think he asked Washington for permission first? China had stopped buying from the US farmers as of May because of the tariff war between the two countries. China has been buying soybeans mostly from Brasil and some from Argentina.

By the way the grain tax is back now after meeting the 7 billion cap. https://www.batimes.com.ar/news/eco...grain-export-duties-as-farmers-cry-foul.phtml
 
Last edited:
MilHojas said:
fortune.com

Leaked texts on Scott Bessent's phone suggest the White House got played bailing out Argentina—and U.S. soybean farmers are the casualties | Fortune

“This is highly unfortunate,” the text said. “Soy prices are dropping further because of it. This gives China more leverage on us.”
fortune.com fortune.com
Click to expand...
What a surprise, who would have thunk that.

Perhaps - just perhaps - Trump's trade war shouldn't have been started at all, or at least not without professional analysis of the consequences beforehand, drawing on among other things what happened during Trump's trade war with China in Trump 45.
 
What's not clear to me is did they actually ink a deal for $20 billion? Because it seems like the exact kind of thing that Trump goes back and forth about. And with a government shut down? Where were those funds coming from?

If those funds had not already been dispersed then I don't know if it can save Milei before the elections. I think this shutdown is going to be a stalemate for a while.
 
devilclam said:
What's not clear to me is did they actually ink a deal for $20 billion? Because it seems like the exact kind of thing that Trump goes back and forth about. And with a government shut down? Where were those funds coming from?

If those funds had not already been dispersed then I don't know if it can save Milei before the elections. I think this shutdown is going to be a stalemate for a while.
Click to expand...
My thoughts as well...and something I think the market here can smell. Speaking of which, did the IMF actually disburse all the 20 billion agreed? As I recall only a few tranches have been disbursed. Very opaque transactions...
 
LuckyLuke said:
My thoughts as well...and something I think the market here can smell. Speaking of which, did the IMF actually disburse all the 20 billion agreed? As I recall only a few tranches have been disbursed. Very opaque transactions...
Click to expand...
It was supposed to be frontloaded with $14 billion. But who knows? We also don't know where the gold is gone.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
Jo MDQ British - Argie couple in Mar del Plata Newcomers Forum 13
Rich One Amazon Presses the Brake on Argie US$800MM Investment? Expat Life 2
Rich One Argie Economics:reduced Sales Increase Prices.constant Rev. Expat Life 22
garryl Top 10 Parrislla By Argies Newcomers Forum 24
Rich One Obaca First Argie Black Presidential Candidate 2015 Expat Life 39
Similar threads
British - Argie couple in Mar del Plata
Amazon Presses the Brake on Argie US$800MM Investment?
Argie Economics:reduced Sales Increase Prices.constant Rev.
Top 10 Parrislla By Argies
Obaca First Argie Black Presidential Candidate 2015
Back
Top