00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump on Wednesday defended his tariffs on cattle imports of repeat U.S. ranchers
00:07for criticizing his plan to import beef from Argentina to lower consumer prices.
00:11Trump said ranchers don't understand. They benefited from his 50% tariff on Brazilian
00:15beef and must get their prices down, according to CNBC. National Cattlemen's Beef Association
00:20condemned the proposal, worrying it would undercut the future of family farmers.
00:25Republican Senators Deb Fischer and Kevin Kramer publicly opposed Trump's plan to import
00:28Argentine beef, worrying it would harbor U.S. cattle ranchers, and then follows Trump's
00:33$20 billion currency swap with Argentina in close line with President Javier Malay.
00:37American soybean farmers criticized Trump's aid to Argentina, saying China shifted its
00:42soybean purchases there from the U.S. to do his trade war.
00:45For all things money, visit Benzinga.com.
Comments