President Donald Trump said on Sunday that the United States may begin importing cattle from Argentina in an effort to reduce inflation and lower domestic meat prices.
Speaking to reporters onboard Air Force One on his way back to Washington, Trump said the decision may benefit both countries and help stabilise a market battered by supply shortfall.
“We could purchase some beef from Argentina. If we did, prices would fall,” Trump told reporters during the flight.
The president also stated that such a choice would benefit Argentina, which he referred to as “an excellent ally.”
Beef prices hit record levels
The comments from Trump followed months of stress on American beef production as domestic prices have hit all-time highs.
Across western states, ranchers have been culling herds due to severe droughts, constraining supply and raising prices for consumers.
Trump hinted Friday that his administration was working on “something to get prices down for American consumers.”
Although no formal deal has been made, the president’s comments provide one of the highest-profile indications yet of how the government may step in to address one of the most tangible signs of inflation for the US economy.
Ties with Buenos Aires strengthened
Those potential beef shipments are also occurring amid a fresh diplomatic and economic thaw between Washington and Buenos Aires.
Only a few days earlier, Trump had high-level talks at the White House with Argentine President Javier Milei about financial assistance and other bilateral matters.
In that meeting, Trump reiterated support for Milei’s government and the new credit line that was recently extended from the US, worth US $20 billion, aimed at stabilising the Argentine peso.
The loan, which Washington billed as a vote of confidence in Milei’s economic reforms, was intended to keep Argentina afloat during its current fiscal crisis and help restore trust in the markets.
Conditional support for Milei’s administration
Trump made it plain, however, that further US financial support would be contingent on Argentina’s political course.
He stated that the aid would be contingent on Milei and his party, La Libertad Avanza, remaining in office and following their current policy path.
“(Argentina) doesn’t have money, they have nothing, and they’re fighting hard to survive,” Trump stated on Sunday, alluding to the country’s precarious economic situation.
“If I can help them survive in a free world…The president of Argentina is doing his best, but they are dying.”
Trump’s remarks highlight the combination of economic pragmatism and political alignment that informs his approach to Latin America.
By granting possible market access and linking it to broader financial help, the administration looks to be strengthening ideological supporters while addressing domestic economic issues.
Economic and political implications
The notion of importing beef from Argentina could have far-reaching consequences for both countries. For the United States, it is an uncommon strategy for combating inflation, as it uses foreign trade to control local pricing.
Increased beef exports in Argentina might provide a much-needed stream of foreign currency, providing temporary assistance to the country’s suffering economy.
However, such a move could spark discussion in the US agricultural sector. Domestic ranchers, who are already stressed by environmental issues, may see the ruling as a further threat to their competitiveness.
At the same time, consumer activists may embrace the prospect of price relief in a market where the cost of essential food necessities has been steadily rising.
Next steps unclear
There was no schedule or information offered about potential discussions or trade processes for Argentine beef imports.
Trump’s off-the-cuff statement indicates an openness to foreign solutions as his administration strives to combine domestic economic concerns with strategic engagement abroad.
For the time being, the president’s speech adds another layer to an already complex economic agenda, linking the fate of US inflation, Argentine recovery, and political alignment across the Americas.
The post Trump signals possible beef imports from Argentina to ease US meat prices appeared first on Invezz
