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Trump Trade War Fallout Hits Argentine Soy Crushers Despite Export Boom
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By Maximilian HeathBUENOS AIRES, Sept. 18 (Reuters) - U.S. President Donald Trump's trade war with China has reverberated in Argentina, denting the country's massive soy crushing industry even though overall soybean sales hit a six-year high.
This means fewer Argentine jobs and lower export value," said Gustavo Idigoras, president of CIARA-CEC.
"This trade war has not brought benefits to Argentina; it has brought harm."
Bittersweet BoomTrump's trade war has forced Beijing to find alternatives to U.S. soybeans, and it has turned to Argentina and Brazil.
"This export boom is being fueled by new demand from China that stems directly from its trade war with the United States," Idigoras told Reuters.
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