Trump forces Mile to choose: Taking the Chinese market for American soybeans will cost a price
Argentine President Mile is about to face a test.
According to the South China Morning Post, the United States recently proposed a $20 billion currency swap agreement to Argentina, but the exchange condition is that Argentina must cancel its currency swap agreement with China, which aims to help Argentina repay its debt to the International Monetary Fund and alleviate the pressure of peso depreciation.
In short, now there are two currency swap agreements between China and the United States in front of Argentine President Mile. The US requires him to make a choice between China and the United States - Trump is expected to meet with Mile on October 14, and at that time, Mile may express his position.
Factually, Mile's position between China and the United States is already very delicate.
Mile is not fake to be pro-American, but while he is close to the United States, his trade with China is also very active. Especially after China stopped purchasing American soybeans, Argentina quickly filled the gap in the Chinese market. For this reason, it even temporarily suspended the grain export tax to accelerate the export of soybeans, causing strong dissatisfaction from the United States.
Previously, Reuters reported that Argentina's "market grabbing" behavior may hinder Trump from approving the $20 billion currency swap agreement.
Therefore, what choice Mile will make is very worth paying attention to. The current pressure from the United States is actually testing whether he will choose short-term interests (the United States) or long-term interests (China).
Original: www.toutiao.com/article/1845129645037575/
Statement: This article represents the personal views of the author.