The President of the United States Donald Trump will meet his Argentine colleague Javier Milei in two weeks, reported Argentina Tuesday, while Milei tries to obtain a US credit line from the United States, who annoyed some Republicans while the South American country has sold billions of soy in China.
The two will meet at the White House on October 14, during the week in which the World Bank and the International Monetary Fund (IMF) will meet in Washington.
The Argentine Foreign Ministry defined the meeting “a new opportunity to continue to strengthen the strategic partnership between the two countries”.
Last week, the American Treasure Secretary Scott Besent announced the negotiations for a $ 20 billion swap line with the Argentine central bank, which would give access to the dollars so necessary.
The prices in Argentine dollars the prices and the weight increased last week after Bessent’s announcement and since then they have decreased, in part due to the lack of details on the promised US support.
The austerity in Milei’s libertarian chainsaw has contributed to solving decades of solvency problems, but concerns about a cash crisis are persistent and analysts say that the middle term elections in October can put their earnings at risk.
The support of the United States seems to have caused protests between the Trump intimate circle. Last week, the Associated Press caught a Bessent image that read a text message that seemed to come from the secretary of agriculture, Brooke Rollins, who called the unfortunate agreement.
“We helped Argentina … and in return, the (Argentines) removed the export rates of the wheat, reducing their price and sold a lot of soy in China at a time when we normally sell in China”, showed the message of a contact that seemed “BR”.
Bessent and Rollins did not publicly comment on the exchange of messages and their offices did not immediately respond to a request for comment from Reuters.
In another attempt to guarantee the foreign currency and calm the spirits of the market before the medium -term elections, the Argentine government temporarily suspended taxes on wheat exports last week, with the operators who recorded sales of $ 7 billion in a few days.
Most of these accusations, in particular soy, will be destined for China, according to traders.
Business are a serious blow for US farmers, who are losing billions of dollars in sales in half of its main marketing season, since the unresolved commercial negotiations between Washington and Beijing freeze exports and South American suppliers come into play to fill the gap.
Source: Terra
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