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Welcome to The Hill’s Business & Economy newsletter

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Business & Economy

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The Big Story

Grassley raises alarm about soybeans, Argentina ‘bailout’

Sen. Chuck Grassley (R-Iowa) said Thursday that American farmers have been overshadowed and outsold by Argentinian soybean production, slamming President Trump for agreeing to soften the South American country’s economic hardship.

Argentina recently suspended its 26 percent export tax on soybeans, an opportunity used by China to purchase more than 1 million tons of the crop, according to Reuters.

“Why would USA help bail out Argentina while they take American soybean producers’ biggest market???” Grassley wrote in a Thursday post on social platform X.

“We shld use leverage at every turn to help hurting farm economy,” he added. “Family farmers shld be top of mind in negotiations by representatives of USA.”

In past years, the U.S. has been the No. 1 supplier of soybeans to China, which purchased more than half of all American soybean exports last year. But China has bought 51 percent fewer soybeans from the U.S. during the first half of the year, while soybean exports are down by 23 percent overall this year, according to The New York Times.

Read more here.

Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.

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Essential Reads

Key business and economic news with implications this week and beyond:

Former Trump antitrust chief joins Paramount after merger with rival

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The Ticker

Upcoming news themes and events we’re watching:

The Bureau of Economic Analysis (BEA) releases personal consumption expenditures (PCE) price index inflation data Friday at 8:30 a.m. EDT

In Other News

Branch out with more stories from the day:

Trump signs executive order supporting proposed deal to put TikTok under US ownership

WASHINGTON (AP) — President Donald Trump signed an executive order Thursday that he says will allow …

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What People Think

Opinions related to business and economic issues submitted to The Hill:

You’re all caught up. See you tomorrow!

Trump faces heat over Argentina bailout

Business & Economy

Business & Economy

Grassley raises alarm about soybeans, Argentina ‘bailout’

Paul Klee

Michael Parkes

Wassily Wassilyevich Kandinsky

Business & Economy

Business & Economy

Grassley raises alarm about soybeans, Argentina ‘bailout’

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