Frustration grows over Trump bailout of Argentina
On his soybean and cotton farm in Proctor, Arkansas, Bobby Cupples laid off three workers as a result of soaring costs and lower crop prices, leaving him to work 14 hour days.
Many farmers, like Cupples, support President Donald Trump. Cupples voted for him in the last three elections. But they have been crushed by the effects of his trade war with China. Now, theyre bewildered by Trumps rush to aid Argentina, a decision they see as antithetical to his campaign promises.
Earlier this spring, Trumps tariffs on China prompted the country to halt purchases of U.S. soybeans. Then he offered a $20 billion bailout to Argentina, whose soybean crop sales to China have replaced those from U.S. farmers. And this week, Trump announced that the United States would buy beef from Argentina to bring down prices for U.S. consumers, opening a rift between him and another bloc of rural supporters: cattle ranchers, whose top industry group on Wednesday disavowed the president as some Republican officials scrambled to talk Trump out of the plan.
Trumps commitment to helping Argentina and its embattled president, Javier Milei - a political ally - has appeared at odds with his America First policy platform, raising rare objections from some in his base, even as many say they still trust Trump to act in their best interests. A test of Trumps ability to negotiate a trade deal to help struggling farmers will come next week, when he is expected to meet with Chinese leader Xi Jinping at a summit in South Korea that Trump has said will focus in part on Chinas boycott of U.S. soybeans.
https://www.yahoo.com/news/articles/frustration-grows-over-trump-bailout-145259688.html