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Trump to meet with Argentina's Milei as soy sales could stymie $20 billion deal
The $20 billion credit swap aims to stabilize Argentina’s economy despite Republican concerns over soy exports to China impacting U.S. farmers, with $7 billion in grain sales booked recently.
- On October 14, President Donald Trump will meet Javier Milei at the White House as U.S. Treasury Secretary Scott Bessent announced negotiations for a $20 billion swap line with Argentina's central bank.
- Last week, Argentina's government temporarily suspended export taxes on grains, prompting traders to book $7 billion in sales while Javier Milei, President of Argentina, faces risks from cashflow strains and October elections.
- Traders say Argentina offloaded billions in soy to China, depriving U.S. farmers of billions in sales and rankling some Republicans.
- An Associated Press image showed Scott Bessent reading a text from Brooke Rollins calling the deal unfortunate, prompting outcry within President Donald Trump's inner circle; neither Bessent nor Rollins have commented.
- Argentina's foreign ministry called the meeting a new opportunity to strengthen ties, while on Tuesday bond investors saw flat to down 2 cents bonds and the peso weakened 1.5%.
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Trump to meet with Argentina’s Milei as soy sales could stymie $20b deal
BUENOS AIRES - U.S. President Donald Trump will meet with his Argentine counterpart Javier Milei in two weeks, Argentina said on Tuesday, as Milei seeks to clinch a credit swap line from the U.S. that has rankled some Republicans as the South American nation offloaded billions of dollars in soy to China. Read more at straitstimes.com.
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Total News Sources10
Leaning Left2Leaning Right1Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
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