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Argentina’s Beef Export Boom to US Leaves Locals Paying More for Steak

Argentina’s Beef Export Boom to US Leaves Locals Paying More for Steak
Bloomberg Markets Tuesday 30 June 2026, 12:00 UTC By Jonathan Gilbert, Patrick Gillespie 1 min read
Key Points

Argentina’s Beef Export Boom to US Leaves Locals Paying More for Steak Ranchers on the Pampas answer Trump’s call and turn away from China, but the trend doesn’t bode well for Milei as he heads into an election. When Donald Trump grew worried about US beef prices spiraling higher, he called on ally Argentina to send more supplies. The storied ranching nation hasn’t taken long to deliver, shipping over cuts this year at an unprecedented clip.

Argentina’s Beef Export Boom to US Leaves Locals Paying More for Steak Ranchers on the Pampas answer Trump’s call and turn away from China, but the trend doesn’t bode well for Milei as he heads into an election. When Donald Trump grew worried about US beef prices spiraling higher, he called on ally Argentina to send more supplies. The storied ranching nation hasn’t taken long to deliver, shipping over cuts this year at an unprecedented clip. It’s a prime example of how the president can manipulate trade in his favor, even under a broader bilateral deal. The move was designed to help bring down beef prices ahead of the US midterm elections. But in Argentina, where exporters are now increasingly turning to better-paying US clients over China, they’re supercharging a trend that won’t benefit free-market leader Javier Milei ahead of his reelection bid next year.
Argentina (LOCATION) Beef Export Boom (LOCATION) US (LOCATION) Pampas (ORG) Trump (ORG) China (LOCATION) Milei (ORG) Donald Trump (PERSON) Javier Milei (PERSON)
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