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What does the Argentine peso have to do with the price of soybeans in China?
A lot, as it turns out, for American farmers suffering as a result of the trade spat between Washington and Beijing and wondering why the US government is helping Argentina, a competing soybean producer.
If that seems like a lot of dot-connecting, it’s not. The bottom line is that US taxpayers could be looking at two bailouts in the near future:
Rescue #1: $20 billion to save the political career of a foreign ally of President Donald Trump. The US is putting up $20 billion for a currency swap to prop up the Argentinian peso ahead of elections there this month, with the aim of bolstering Argentine President Javier Milei, a Trump ally.
Rescue
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