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Argentina Slashes Export Taxes, Faces Criticism Over Revenue

7/28/2025

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Summary

Story summary

Argentina's President Javier Milei has unveiled a bold plan to permanently slash export taxes on vital agricultural products like beef, soy, and corn. The new rates will see poultry and beef taxes drop from 6.75% to 5%, and corn from 12% to 9.5%. However, critics caution that these cuts could jeopardize federal revenue and essential social services.

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Story summary

Argentina's President Javier Milei has unveiled a bold plan to permanently slash export taxes on vital agricultural products like beef, soy, and corn. The new rates will see poultry and beef taxes drop from 6.75% to 5%, and corn from 12% to 9.5%. However, critics caution that these cuts could jeopardize federal revenue and essential social services.