Newly elected President, Javier Milei, a self-proclaimed “anarcho-capitalist” and confirmed Libertarian, is imposing his economic principles on Argentine.  He intends to “dismantle regulations that have impeded, hindered and stopped economic growth”.  Among the changes proposed will be increased taxes on grain exports. His intention is to raise revenue in order to reduce other taxes and support some social programs amid enforced austerity.

If Argentine imposes higher export taxes, it will create opportunities for the U.S. and Brazil to compete.  Argentine is a major exporter of soybean meal and corn.  Increases would, however, be offset by the devaluation of the national peso currency that was subject to a 50 percent reduction in value.  Argentine has experienced triple-digit inflation in recent years and 40 percent of the population is below the poverty line as a result of the incompetent Peronist socialist government that preceded the surprise election of Milei with a plurality of 55 percent.