‘You don’t know anything about it’ – Business News
President Trump chided a reporter for asking why struggling American farmers ought to assist a bailout for Argentina’s beef industry, telling the “young lady” that “you don’t know anything about it.”
The White House just lately introduced a $20 billion package deal to help the South American nation and its President Javier Milei, an early Trump ally, and floated a attainable deal to buy some beef from the nation with a purpose to bulk up provide within the US and decrease costs.
Aboard Air Force One on Sunday night, a reporter requested Trump: “What do you have to say to US farmers who feel that the deal is benefiting Argentina more than it is them –”
President Trump lashed out at a reporter who requested why struggling American farmers ought to assist a deal for Argentina’s beef industry. AP
Trump speaks to the press on October 19, 2025. Getty Images
Trump cut off the reporter, saying: “Look, look, Argentina is preventing for its life, younger woman. You don’t know anything about it.
The reporter’s id couldn’t instantly be confirmed.
“Nothing is benefiting Argentina. They’re fighting for their life. You understand what that means?” the president continued.
“I happen to like the president of Argentina — I think he’s trying to do the best he can — but don’t make it sound like they are doing great. They are dying, alright? They are dying.”
The White House is planning a $20 billion currency swap, or loan, with Argentina’s central bank in an effort to prop up the Argentine peso.
Trump with Argentinian President Javier Milei on the White House on October 14, 2025. REUTERS
The US Treasury will exchange {dollars} for pesos, with the expectation that the funds will ultimately be paid back, in keeping with Treasury Secretary Scott Bessent.
The association angered US soybean farmers, who’ve misplaced market share to farmers in Argentina and Brazil amid Trump’s commerce battle.
Just earlier than the bailout was introduced, Argentina additionally dropped its export taxes. China swooped in to buy 7 million metric tons of soybeans from the nation. It imported zero soybeans from American farmers in September.
Argentina President Javier Milei leads a marketing campaign rally final week forward of national elections. AP
“At a time when we should be finding ways to help American farmers deal with this chaotic trade policy, it’s extremely disappointing to see us bailing out Argentina and Argentina farmers in the process,” Aaron Lehman, president of the Iowa Farmers Union and a soybean grower, informed NBC News.
As Trump spoke to reporters about the bailout on Sunday, he additionally floated the thought of shopping for some beef from Argentina to decrease costs at home.
In a assertion, the National Cattlemen’s Beef Association stated such a beef deal would hurt “American cattlemen and women, while also interfering with the free market.”
Justin Tupper, president of the US Cattlemen’s Association, stated rising our reliance on international beef “weakens our industry’s foundation and undermines rural America.”
Trump cut off the reporter and scolded her about Argentina’s state of affairs. NewsNation
Ground beef costs have hit $6.32 per pound – leaping about 13% from $5.58 on the identical time final yr, in keeping with August information from the Bureau of Labor Statistics.
Extreme droughts wreaked havoc on the cattle industry final yr. The abnormally dry situations diminished the quantity of grass obtainable for grazing, making farmers more reliant on feed.
A spike in demand helped inflate feed costs, piling on further prices for ranchers and forcing them to shrink their herds.
Further hampering provide was a flesh-eating pest known as the New World Screwworm found in Mexican cattle herds, forcing the United States to halt imports.
Washington resumed US cattle imports from Mexico in February. The White House has given Mexico a reprieve on steep 30% tariffs till the top of this month, although the nation nonetheless faces the identical item-specific tariffs focusing on metal and different companies as different nations.
