Argentina Seeks to Raise Export Taxes on Grains, Except Soy, to Ease Economic Struggles
• Argentina's new libertarian President Javier Milei seeks to raise export taxes to 15% on some grains, but not soy • Economy Minister Luis Caputo laid out economic measures like peso devaluation and spending cuts to fix the struggling economy • Argentina is a major global exporter of soy products, corn, wheat, and beef • Current export taxes are 12% on wheat and corn, 33% on soybeans • Milei's government aims to push through the tax hike via a new bill presented to Congress, desperate for foreign currency with the grains sector driving exports