U.S. beef prices have been stubbornly high for a variety of reasons, including drought and reduced imports from Mexico due to a flesh-eating pest in cattle herds there.
We gave them 40 billion and then purchase their beef? Feels like a trade deficit
They’re desperate to save Argentina from collapsing because Argentina voted in their own Authoritarian and Trump, Elon and Theil used it as a test run for what they are trying to do to America.
Also, Argentina was nice enough to give sanctuary to all those escaped Nazis, and Trump wants to keep his options open.
This is totaly correct
Lmao. This goes against his tariffs.
But it does further the goal of market manipulation. When prices swing rapidly, there’s lots of cash to be made
how about he just gets rid of the stupid fucking tariffs that have basically embargoed his own country.
If only he wasn’t putin’s bitch.
The whole point of tariffs is to make the price high so that American farmers can sell their beef while hiring in the American economy… High prices are the whole goal.
🎶Don’t tariff beef, Argentina!
- Trump.
The truth is, I’m making ragù.
We spent $40 billion on beef, and we still have to purchase it? That’s about $120 worth of beef for each American citizen. I’ll take a mix of steaks and ground beef, with a few nice pot roasts tossed in.
Or they could just spend the money on health care instead.
Gonna need healthcare after eating all that
If only Brazilian beef wasn’t tariffed due to them prosecuting fascism
Soy bean market given, 40 billion given, and now we’re giving them the American beef market too? Damn, talk about being America first.
This is the type of shit a noob does in Victoria 3. Uooueggh line is going down start slapping buttons!!!
Uooueggh
lmao what the fuck does this word sound like?
The sound of the alarm when a submarine is about to dive.
Jesus they are super fucking desperate to make Argentina work
They just want their little fasc-buddy to pocket most of that foreign aid, to pay armed goons to keep him in power now that his popularity’s down the shitter.
So the government will buy it and give out to people for free? Because otherwise I don’t see how it will lower prices.
Bubula et circenses.
Prices would go down due to an economic principle known as supply and demand
The basic idea is in a market where the demand for an item (beef in this case) outstrips the supply, the price goes up until the demand is equal to the supply. By importing Argentinian beef, you’re increasing the available supply in the market. Thus the price will decrease until supply and demand are again equal
That would only be true if beef imported from Argentina was cheaper than beef produced in US, right? And if imported beef was cheaper it would already be in US, right? Unless there are some health based restrictions that prevent importing beef and the government is going to remove those?
No, it isn’t supply and demand. The supply is the same. They aren’t producing more beef that didn’t exist before last week. You could always buy Argentinian beef in the US, but it wasn’t imported more because of the price. So if you want to say that the localized supply increased, then it is because it was purchased by the government and either given away for free or heavily subsidized in price.
Subsidies is why this will make beef less expensive. Except now the subsidies are going to Argentinians instead of American farmers.
When markets are divided due to local borders, discriminatory quotas or trade regulations, or other non-tariff barriers to entry, it makes no sense to take a global view of supply and demand, since there’s no global market, only dozens of balkanized local markets.
The US imports 7% of its beef from Brazil, 5% from Australia, 4% from Canada, 3% from New Zealand, 2% from Mexico, and 4% from the rest of the world.
That’s 25% of our beef from the global market… and you are saying there is no global market? Brazil, Australia, and New Zealand aren’t exactly close neighbors. Brazil just got slapped with a 50% tariff, so what barriers to entry does Argentina have that Brazil does not?
When being smart is just too hard.
That’s when you throw on a red hat and start fucking your relatives.
trump beef™, now with free included prions!
Argentina screwworm attack!
How does this help American farmers?
It helps them stay laying down while the Trump bus drives over them.
I wonder how many realize the lost business in the long run will ruin them, despite the short term bailouts.
Gives you that all beef flavour you can only get from beef fed beef.
Mmm, prions
Here we go again…
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American ranchers don’t produce beef, they produce ranch. You’re thinking of beefers.
When beefers fight, are they ranching?
Ranchers are a subtype of farmer.
Thanks for being a great example of how a lot of lemmy users can be pedantic and also wrong at the same time.
