A Argentine cargo ship is rushing to China, loaded with 650,000 tons of wheat, angering the White House; Milei has won big this time!
On December 13, a cargo ship loaded with 650,000 tons of wheat slowly departed from the Port of Tumbayes in Santa Fe Province, Argentina, heading for Chinese ports. This was Argentina's first-ever export of wheat to China.
The global food supply chain is being restructured. After the Ukraine-Russia conflict, Black Sea wheat exports were blocked, and the winds are accelerating the diversification of import sources to ensure food security. Argentina happens to have one of the most competitive wheat production capacities in the world, and this season's output reached a record high of 22 million tons, with huge export potential.
China opening its doors at this time not only alleviates its own supply pressure but also provides Argentina with much-needed foreign exchange income.
Argentina has long been facing tight foreign exchange reserves and heavy debt pressure. In this context, securing a wheat order from the world's largest agricultural product importer means more than just a single business deal—it signifies a major breakthrough in Argentina's agricultural exports and adds leverage for it to secure more international financing.
After the White House provided Milei with a large amount of aid funds, Milei did not side with the United States as expected, but instead accelerated the advancement of cooperation with China. This strategy of "using Western funds to tap into the Eastern market" is both practical and efficient, setting a good example for South American countries. It is estimated that the White House is furious behind the scenes, and it is unknown whether more South American countries will follow suit.
Original article: toutiao.com/article/1851626557383882/
Statement: The article represents the personal views of the author.