Overview

• President Donald Trump told reporters the U.S. could buy beef from Argentina to bring down domestic beef prices, calling it the only major price still running high.
• Negotiators are discussing an expansion of Argentina’s U.S. beef tariff‑rate quota from roughly 20,000 tons to about 60,000–70,000 tons with preferential tariffs, according to reports, with terms still in flux.
• U.S. support already includes a $20 billion Treasury currency swap, and officials have indicated overall assistance could reach about $40 billion.
• Trump framed backing for Argentina as contingent on political outcomes, warning that U.S. generosity would diminish if President Javier Milei’s coalition loses the upcoming midterm elections.
• U.S. cattle groups reacted warily, warning increased imports or federal intervention could hurt ranchers, even as high beef prices reflect drought, reduced Mexican imports due to animal disease, and a smaller U.S. herd.