Source: CounterPunch
by Seth Sandronsky
“We begin with the Trump administration’s decision to provide a $20 billion ‘swap line’ (currency exchanges between central banks) with the government of Argentina. Treasury Secretary Scott Bessemer is the point man for the White House on this financial and political issue. The Latin American country is in financial distress over its issuance of foreign bonds since President Javier Milei slashed public spending to spur economic growth. … In the meantime, the Milei government cut the export tax on soybeans. Chinese buyers jumped at this opportunity, reportedly purchasing some 20 shiploads of soybeans from Argentina. … What will the White House do to relieve the pain from the decline of demand from China for American agricultural products? Well, the president is considering a $10-$15 billion bailout for agriculture commodity producers.” (10/13/25)