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...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.