Senator Amy Klobuchar (D-MN), the Ranking Member of the Senate Ag Committee, led 13 colleagues in calling on President Trump to halt his plan to send a $20 billion bailout to Argentina. The Argentinian government just suspended its soybean export taxes, undercutting American farmers in the international market.
“Despite that, you are still reportedly moving forward with the bailout for the country,” the Senators said in a letter to the White House. “American soybean farmers, already hurting from your sweeping tariffs, deserve better.” The senators said it’s unclear why the White House would use taxpayer dollars to bolster the re-election campaign of a foreign president while the country takes steps to undermine U.S. farmers.
As the American Soybean Association puts it, “U.S. soybean prices are falling, the harvest is underway, and farmers read headlines about not securing a trade agreement with China, but that the government is extending billions to Argentina.”
