Yesterday, Argentina temporarily stopped its export tax on grains and co-products, as well as beef and poultry, something President Javier Milei had proposed during his campaign. The final decision, however, came as the country is desperate for U.S. dollars to shore up the flagging peso. Further, the move is about a month out from congressional elections. The decree signed yesterday applies to soy, subject to a 26 percent export tax, corn subject to a 9.5 percent tax, and wheat, and all by products – including biodiesel. Soyoil and meals are subject to a 24.5 percent export tax. It will last until the end of October, or until exports reach $7 billion. U.S. Treasury Secretary Scott Bessent indicated that swap lines, direct...
Like all marmots
An adult Vancouver Island marmot typically measures 65 to 70 centimetres (26 to 28 in) from the tip of its nose to the tip of its tail.
A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs. A bipartisan group of 80 House members asked USTR to investigate specialty crop imports from Mexico for unfair trade practices. India notified the WT...