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Economy
'A Betrayal': Ranchers Slam Trump Plan to Buy Beef From Argentina With US Tax Dollars
"After crashing the soybean market and gifting Argentina our largest export buyer, he's now poised to do the same to the cattle market," said an Illinois cattle producer.
Oct 20, 2025
US ranchers and industry groups are responding critically to President Donald Trump's proposal that the United States "would buy some beef from Argentina," in a bid to "bring our beef prices down," while pursuing an up to $40 billion bailout for the South American country.
Trump made the suggestion to reporters on Air Force One Sunday, according to the Associated Press. A few days earlier, he'd said that a deal to cut the price of beef was "gonna be coming down pretty soon." The AP noted various reasons for "stubbornly high" US prices, including drought and reduced imports from Mexico.
"President Trump's plan to buy beef from Argentina is a betrayal of the American rancher," Christian Lovell, an Illinois cattle producer and senior director of programs at the organization Farm Action, said in a Monday statement. "Those of us who raise cattle have finally started to see what profit looks like after facing years of high input costs and market manipulation by the meatpacking monopoly."
"After crashing the soybean market and gifting Argentina our largest export buyer, he's now poised to do the same to the cattle market," he continued, referring to one of the impacts of Trump's tariff war. "Importing Argentinian beef would send US cattle prices plummeting—and with the meatpacking industry as consolidated as it is, consumers may not see lower beef prices either. Washington should be focused on fixing our broken cattle market, not rewarding foreign competitors."
"Trump has done more in the past month to help Argentina than he has to help the American people."
"With these actions, President Trump risks acting more like the president of Argentina than president of the United States," Lovell declared. The US leader is a key ally of the nation's actual president, Javier Milei, whose austerity agenda has created the need for a massive bailout from Washington, DC.
Farm Action's proposed fix for the US is to tackle the "structurally flawed system" with three steps: "Reinstate Mandatory Country of Origin Labeling (MCOOL) for beef and pork, restore competitive markets by enforcing antitrust laws, and rebuild the US cow herd to achieve national self-reliance in beef production."
The group was far from alone in criticizing Trump's weekend remarks and offering alternative solutions to reduce US prices.
"We appreciate President Trump's interest in addressing the US beef market, which has been producing all-time record-high consumer beef prices," said Bill Bullard, CEO of R-CALF USA, the nation's largest cattle association, in a statement. "We urge the president to address the fundamental problems in the beef market, not just its symptom."
"The symptom is that the US has shrunk its beef cow herd to such a low level that it can no longer produce enough beef to satisfy domestic demand," he continued. "But the fundamental problem is that decades of failed trade policies have allowed cheap, undifferentiated imports to displace the domestic cow herd, driving hundreds of thousands of cattle farmers and ranchers and millions of domestic beef cows out of the domestic beef supply chain."
"In addition, the nation's beef packers and beef retailers have been allowed to concentrate to monopolistic levels, enabling them to interfere with competitive market forces," he asserted. "Attempting to lower domestic beef prices simply by inviting even more imports will both exacerbate and accelerate the ongoing dismantling of the domestic beef supply chain."
Instead of promoting US beef production, Trump now wants to establish a preferred position for Argentine beef in the US. Why, exactly? Is this what America First means?
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— Scott Horton (@robertscotthorton.bsky.social) October 20, 2025 at 2:23 PM
National Cattlemen's Beef Association CEO Colin Woodall said that "NCBA's family farmers and ranchers have numerous concerns with importing more Argentinian beef to lower prices for consumers. This plan only creates chaos at a critical time of the year for American cattle producers, while doing nothing to lower grocery store prices."
"Additionally, Argentina has a deeply unbalanced trade relationship with the US," Woodall noted. "In the past five years Argentina has sold more than $801 million of beef into the US market. By comparison, the US has sold just over $7 million worth of American beef to Argentina. Argentina also has a history of foot-and-mouth disease, which, if brought to the United States, could decimate our domestic livestock production."
Justin Tupper, president of the US Cattlemen's Association, highlighted the rising costs that ranchers are enduring.
"The cost of producing beef today is accurately represented in the consumer markets where it is sold," he said. "Ranchers are facing historic highs for feed, fuel, labor, and land—and those costs have risen far faster than beef prices on grocery shelves."
"When policymakers hint at intervention or suggest quick fixes, they can shake the market's foundation and directly impact the livelihoods of ranchers who depend on stable, transparent pricing," Tupper warned in the wake of the president's recent remarks. "Sudden price moves make it harder for independent producers to plan, invest, and keep their operations running."
"Efforts to support consumers must consider the economic realities on the ground and ensure the voices of independent ranchers lead the discussion," he added. "Market-driven prices—not mandates or panic interventions—have delivered value for generations. Let's focus on transparency, market integrity, and maintaining the conditions for sustainable rural economies."
Trump's signal that the US may buy more beef from Argentina comes as poll after poll shows that Americans—whose federal minimum wage hasn't increased in over 15 years—are stressed about the climbing costs of groceries. In addition to beef, shoppers are facing higher prices for staples such as coffee and eggs.
The Democratic National Committee also called out Trump's proposal on Monday, with Kendall Witmer, the DNC's rapid response director, charging that "Trump has done more in the past month to help Argentina than he has to help the American people, who are struggling to afford everything from rent to groceries."
"Because of Trump, farmers are on the brink of bankruptcy, and the government has been shut down for almost a month," Witmer added. "You would think that the so-called 'America First' president would be focused on reopening the government and saving millions of Americans from skyrocketing healthcare premiums—but Trump is showing his true colors. He only cares about helping himself and his friends, even at the expense of the American people. Let's be clear: MAGA now stands for Make Argentina Great Again."
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GOP Ripped for 'Holding US Economy Hostage' as Nearly Half of States Face Recession
"At a time when costs are rising and tariffs are wreaking havoc on people's pocketbooks, Republicans are doubling down on their agenda of raising healthcare costs on millions of Americans."
Oct 20, 2025
US states accounting for roughly a third of the nation's gross domestic product are currently in recession or on the verge of one as the federal government shutdown enters its fourth week, with congressional Republicans and President Donald Trump refusing to support an extension of key healthcare subsidies that are set to lapse at the end of the year.
A recent analysis by Moody's Analytics chief economist Mark Zandi estimates that 22 states are experiencing an economic downturn or are at serious risk of recession, a nascent crisis fueled by Trump's tariffs, mass deportations, and sweeping attack on the federal workforce—an assault that has intensified since the federal government shut down at the beginning of October.
States currently in or on the brink of recession include Maine, Oregon, Washington, Illinois, and Georgia. Among the states “treading water” are California and New York, according to Zandi, whose analysis was based on figures that predated the government shutdown.
Leor Tal, campaign director at the progressive advocacy coalition Unrig Our Economy, said Monday in response to the analysis that "Republicans in Congress are holding the US economy hostage, and working families are paying the price."
"At a time when costs are rising and tariffs are wreaking havoc on people's pocketbooks, Republicans are doubling down on their agenda of raising healthcare costs on millions of Americans," said Tal. "It's time for congressional Republicans to reopen the government, extend the healthcare tax credits, and start lowering costs for working families."
The shutdown, which Trump has embraced and exploited to advance his far-right agenda, began at a time when the country's economy was already on uneasy footing, with food prices continuing to rise despite the president's campaign promises, GOP Medicaid cuts causing chaos across the nation, and the labor market flashing signs of distress.
With no end to the shutdown in sight, The Associated Press noted Sunday that the "the U.S. Travel Association said the travel economy is expected to lose $1 billion a week as travelers change plans to visit national parks, historic sites, and the nation's capital, where many facilities such as Smithsonian Institution museums and the National Zoo are now closed to visitors."
If the government remains shut down in November, tens of millions of Americans could see cuts to Supplemental Nutrition Assistance Program (SNAP) benefits—which boost the economy while reducing hunger—and other aid.
Meanwhile, even as the Trump administration withholds federal labor market data amid the shutdown, economists say private and state-level figures signal escalating pain for workers that is sure to intensify the longer the closure persists.
"The fingerprints of Trump policy decisions are most clearly found in the distinct rise in federal [unemployment insurance] claims—claims filed specifically by workers laid off from federal agencies," Elise Gould and Joe Fast of the Economic Policy Institute wrote last week. "However, we are also seeing troubling trends in UI claims in regular state programs, particularly in the Washington, DC metropolitan area."
"The shutdown (and potentially the attempted politicization of key government data-collection agencies) could leave policymakers flying blind just as the economy encounters real turbulence," they cautioned.
John Diamond, director of the Center for Public Finance at Rice University's Baker Institute, warned earlier this month that the shutdown "could be a tipping point to recession."
"If it is resolved quickly, the costs will be small," Diamond argued, "but if it drags on, it could send the US economy into a tailspin."
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Red States Top List of Those With Biggest Tax Giveaways to Millionaires and Billionaires
“These tax cuts are not only fiscally reckless but also deeply inequitable."
Oct 16, 2025
A progressive think tank has found that America's wealthiest citizens aren't just benefiting from the federal tax cuts passed in Republicans' One Big Beautiful Bill Act this past summer, but from tax giveaways offered by Republican-run states.
The Institute on Taxation and Economic Policy (ITEP) released a new analysis on Thursday showing that five states—Kansas, Mississippi, Missouri, Ohio, and Oklahoma—this year have enacted income tax cuts for families that earn over $1 million per year that are projected to collectively reduce their state governments' revenues by $2.2 billion per year once fully implemented.
The two biggest tax cuts for the wealthy came in Mississippi and Oklahoma, both of which have voted to phase out their state's income taxes over the span of several years. Once the income tax is fully repealed in those two states, ITEP estimates that millionaires living in them will pay $130,000 less per year.
ITEP also poked holes in any Republican claims that the tax cuts they passed were a benefit for "working families," and showed how the GOP's policy is overwhelmingly tilted to benefit the wealthy.
"The average millionaire tax cut is more than 50 times the size of the average cut for non-millionaires in each of the five states included in this report," the think tank noted. "In Mississippi and Ohio the average tax cuts for millionaires are over 100 times the size of those for non-millionaires."
The group found that the tax cuts passed in Missouri were particularly egregious when it comes to benefiting millionaires. As reported by the Missouri Independent, Missouri lawmakers over the summer made their state the first in the nation to eliminate taxes on capital gains, which is estimated to slash state revenues by more than $100 million per year.
According to ITEP, this tax cut is projected to deliver a $43,000 average annual benefit to Missouri families making over $1 million per year, and an $80 average annual benefit to Missouri's non-millionaire households.
Aidan Davis, ITEP's state policy director, expressed dismay at how much these state governments were willing to give to their wealthiest residents, even as their own state budgets face significant cuts to programs such as Medicaid the Supplemental Nutrition Assistance Program, both of which help low-income Americans.
"These tax cuts are not only fiscally reckless but also deeply inequitable," Davis explained. "At a time when state budgets are under immense pressure, it's indefensible to hand millionaires five- and six-figure annual tax cuts while too many families struggle with affording the basics."
Dylan Grundman O’Neill, senior analyst at ITEP, argued that these states' policies "double down on inequality" and "prioritize millionaires while putting critical services like education, healthcare, and infrastructure at risk for everyone else."
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'A Man-Made Crisis Caused by Trump': US Soy Farmers Reeling Amid MAGA Trade War
"The frustration is overwhelming," said the president of the American Soybean Association.
Oct 16, 2025
US soybean farmers are growing increasingly frustrated as their sales to China have cratered thanks to President Donald Trump's trade war.
As Politico reported on Thursday, farmers throughout the country are saying they desperately need financial assistance to stay afloat after China has stopped buying their crops all together in retaliation for Trump's tariffs.
While the president has promised a bailout of some kind for US farmers, experts who spoke with Politico said that it would likely take months to get money out to farmers who are in the most need. On top of that, experts say that farmers need financial relief as soon as possible so they are able to plan for next year's planting season.
“Farmers are hurting financially,” Sen. Jerry Moran (R-Kan.) told Politico. “They’re very troubled, there’s some expectation for help. Emotionally, it would be great for something to happen soon. But financially, they need to be able to go to their bankers and say that help is on the way.”
The farmers themselves have also not been shy about expressing their displeasure to journalists.
In a Wednesday interview with CNN, Illinois soybean farmer John Bartman said he was angry with how Trump's trade war has impacted his farm, which he noted typically sells its crops overseas.
"There's no reason for it!" he said of Trump's trade war. "This is absolute stupidity. This is a man-made crisis caused by Donald Trump."
Maryland soybean farmer David Burrier told NBC Washington in an interview published on Tuesday that he was not thrilled with the idea of getting a bailout from the federal government and instead simply wanted to be able to sell his crops to willing buyers again.
“Unless we have a trade deal... what happens next year if we don’t have a trade deal?” Burrier asked. “Do we get another welfare check? C’mon guys. Let’s pay attention to where we’re at and what's going on.”
“This is not a problem we can kick down the road; this is a problem here and now," he added.
Farmers have also expressed irritation that Trump's administration is rushing through with a bailout package for the financially troubled government of Argentinian President Javier Milei whose value could top $40 billion.
Meanwhile, China has massively stepped up its soybean purchases from Argentina even as it refuses to buy any from US farmers.
“The frustration is overwhelming,” Caleb Ragland, president of the American Soybean Association, told Politico. “US soybean prices are falling, harvest is underway, and farmers read headlines not about securing a trade agreement with China, but that the US government is extending $20 billion in economic support to Argentina while that country drops its soybean export taxes to sell 20 shiploads of Argentine soybeans to China in just two days.”
Fox Business host Stuart Varney referenced this sense of frustration during a Thursday interview with US Agriculture Secretary Brooke Rollins, asking her what she'd say to farmers upset that the government is bailing out one of their major competitors in the global soybean market.
"Well, I understand the frustration from farm country," Rollins began. "But what I will say is this: The president's focus remains 100% on America first, on ensuring he has the farmers' of America's backs."
She then said that the Argentina bailout was necessary "for the sake of world peace and world stability."
FOX: “Some farmers worry the Argentina bailout is prioritizing Milei over 🇺🇸 farmers.”
Ag @SecRollins: “That’s out of my lane” 🤔
She then says a bailout (that won’t make them whole) is coming and vomits out word salad about how much he cares about them.
Imagine buying this. pic.twitter.com/EOFmxsiMeI
— The Tennessee Holler (@TheTNHoller) October 16, 2025
As Axios reported on Wednesday, Trump's decision to help Argentina while US farmers are struggling has sparked angst among some Republican lawamakers who represent rural states and areas, with Sen. Kevin Cramer (R-ND) saying the president's "America First" brand was "damaged" by the bailout.
Some of them pressed US Trade Representative Jamieson Greer during a lunch this week about when farmers could expect an aid package.
Regardless, Axios wrote, the Republicans offered “tepid, general support” for Trump as he came to Argentina’s rescue.
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