While the US administration concentrates its Fight with the Democrats for the Budget cuts And it hardens international commercial policy to reduce, and even reverse, the deficit balance of foreign trade that impacts public accounts, a new focus of discussion took shape in the last hours following the announcement of the announcement of the White House of shielding the program of the Argentine president, given the difficulties he faces to contain the departure of investments and the jump of the dollar in the middle of Pre -election climate.
The recurring trips of Milei to US territory in its almost two years of management, with participations in the right -wing summits CPAC in which he shared the stage with Elon Musk -There away from the White House-, they translated into a direct benefit towards their economic plan from the support announced by Besent. But the assistance, which initially generated criticism from the Democrat Wing, began to spread to the Republican party and even moved to the interior of the US government.
As the site said Political, A person familiar with the discussions that take place inside the Trump administration about Argentina revealed that support for the libertarian is no longer quasi unanimous as it was long ago, but, on the contrary, there is distrust about their ability to govern. “Milei’s star has overshadowed in some government circles”the portal consigned, citing the source. In addition, the same voice pointed out that the salvage to Argentina “is mainly driven by the treasure”, that is, by Besent, and said that “there is concern about Milei’s ability to get his country out of his economic lethargy.”
The source consulted by the US site did not stay there but did not hesitate to affirm that “Milei is politically finished” And he pointed against Karina Milei by ensuring that “His sister is corrupt”. As if that were not enough, he also criticized the role of Luis Caputo: “Your Minister of Economy is a Insider Trading Operator, and have won US $ 15 billion in money from the IMF YU $ S15 billion in reserves of the Central Bank to hold a garbage currency“
Regarding US assistance, the same person questioned that, before that panorama, The US Treasury “wants US taxpayers to reinforce their stupidity”. “Milei is a fraud. He entered, betrayed all the conservatives and libertarians who supported him … everything is a loss, “he added.
The Republican Senator for Iowa, Chuck grassley, He was one of those who publicly questioned in hard terms the armor to Argentina while the US field faces a situation of weakness. “Why would the US help rescue Argentina while taking over the largest market for American soy producers?”asked and stated: “We should use our influence at all times to help the weakened agricultural economy. Family farmers should be the priority in the negotiations of the US representatives.”
Climate of fury in the American field for Trump’s support to Milei
The complaint climate within the government of Trump Not only does it respond to the deficiencies of the economic plan of Milei and the recurring need for salvage that has required at this time, both of the IMP as of multilateral organisms such as World Bank and the Inter -American Development Bank (IDB). But also that, while the Republican tycoon presses on public accounts to lower the expense, public funds from the contribution of US taxpayers will be allocated to attend another country.
The American rural sector, the main electoral support base of the Republican party, He planted face to Trump’s decision to attend Milei. From the American Soja Association They questioned the president of USA for not hesitation in providing assistance to Argentina while delays subsidies to local producers who, before the tariffs that imposed on China, They see the price of the oilseed and the sales volumes fall.
“Soja prices in the United States are falling; The harvest is underway; And farmers read holders who do not speak of ensuring a commercial agreement with China, but that the US government is extending US $20,000 million in financial support to Argentina”, Complained Caleb Ragland, president of the agricultural entity.
Meanwhile, in the previous announcement of Besent, Argentina announced a temporary reduction to retentions in search of fresh dollars to sustain the ancient reserves of the BCRA The decision accelerated grain settlement by a total of U $ 7,000 million, with offers mainly from China, The main rival of USA in the Commercial War The transaction impacted fully on the sales of American producers who were lost to trade with the Asian giant Loads by “Millions of dollars.”
According to data from Fyothe most benefited were Bunge, LCD, Cofco, Viterra and Cargillwith Affidavit statements abroad (DJVE) that exceeded 2 million of tons in the case of the first two firms, while the remaining three presented sworn statements which ranged between 1.8 and 1.3 million tons. The podium completed it Molinos, AGD, CHS, AMAGGI, ACA and ADMwith levels less than one million tons declared to export.
“This gives China more influence on us”
The hard blow that the American field suffered reached ears – or hands – of the secretary of the Treasury. During the 80th General Assembly of the United Nations Organization (UN) in New York, Besent He received a message on his phone that was captured by a camera in which they put on the table the contradiction of shielding Argentina while the Milei government makes decisions that harm the US economy.
“Yesterday we rescued Argentina and, in return, Argentina eliminated grain exports tariffs, which reduced its price and sold a lot of soybeans to China, at a time when we would normally be selling it,” he reads in the message. The text continues to warn that “because of this, soy prices continue to go down. This gives China more influence on us”While the sender is not possible to specify, by the acronym “Br” It could be the US Secretary of Agriculture, Brooke Rollins, who would have transferred the claim of the producers.
After the announcement of the assistance, and despite internal criticism, Besent reaffirmed the position of the government of Trump to support a Milei, although he made clear his disagreement for the suspension of retentions. “We are working with the Argentine government to end the temporary tax exemption for commodities producers that liquidate currencies.”he stressed in an attempt to calm the internal waters.
Regarding the management of the libertarian president, he said that “It is restoring economic stability after decades of poor Argentine management. “ He also said that Markets “are not losing confidence in it” but “they are looking at the rearview mirror”, in reference to the risk of a victory of Peronism in October. “The US Treasury is determined to support its reforms,” he said. Along these lines, US officials carry out negotiations with their Argentine peers for a swap line of US $20 billion with the Central Bank.
Source: Ambito
