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Trump Suggests Buying Argentina Beef, Angering U.S. Cattle Ranchers

On Sunday, President Donald Trump said his administration is considering importing beef from Argentina to lower U.S. prices and help stabilize Argentina's struggling economy, noting `Argentina is fighting for its life`.
This year, U.S. beef costs hit record highs with ground beef up about 15% to nearly $7 per pound, following the Trump administration's $20 billion aid framework finalized on Oct. 10.
American ranchers reacted negatively, with Meriwether Farms calling the plan 'an absolute betrayal' after Trump suggested buying beef from Argentina.
The shift in buyers has hit the U.S. soybean market, as China stopped importing U.S. soybeans in May and sourced from Argentina and Brazil, complicating trade.
The announcement angered Democrats and some Republicans because it came roughly 10 days into the U.S. federal government shutdown, while rural America pushed back against the plan.

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