Trump suggested importing beef from Argentina would help its economy and bring down U.S. grocery prices.
Key Facts
Trump told reporters Sunday the U.S. could “buy some beef from Argentina,” predicting the move “will bring our beef prices down,” adding “it would help Argentina, which we consider a very good country, a very good ally.”
Trump made the comments after the U.S. announced a $40 billion economic assistance package for Argentina, including a $20 billion currency swap with Argentina’s central bank that Treasury Secretary Scott Bessent said was finalized Tuesday, plus another $20 billion in financing from private sector and sovereign wealth funds.
His suggestion for importing beef prompted backlash from ranchers and at least one Republican lawmaker, Sen. Deb Fischer, R-Neb.
Fischer said Tuesday on X she has “deep concerns” over the Trump administration’s proposal to import beef from Argentina and has been in touch with his administration about the idea, writing: “Bottom line: if the goal is addressing beef prices at the grocery store, this isn’t the way.
