\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t President Javier Milei announced a reduction in export duties on wheat and barley and promised further cuts if he wins re-election in 2027.<\/p>\n
The Argentine leader also stated he would not lower taxes only to raise them again later, as previous administrations had done.<\/p>\n
Speaking at the Buenos Aires Grain Exchange on Thursday, Milei said export taxes on wheat and barley would be reduced from 7.5% to 5.5% starting in June. He also outlined a gradual reduction scheme for soybeans beginning in January 2027 and continuing through 2028, conditional on fiscal revenue and a second term in office.<\/p>\n
The president also said export duties on the automotive, petrochemical and machinery industries would eventually be eliminated altogether under a timetable to be announced by the Economy Ministry.<\/p>\n
\u201cWe\u2019re going to keep cutting export duties. We\u2019re going to keep shrinking public spending to return to decent Argentines the money that rightfully belongs to them,\u201d he said, stressing that \u201cthere is going to be a revolution of wealth.\u201d<\/p>\n
Lowering taxes Milei, who received a commemorative plaque from the Grain Exchange, told the audience that his administration had come to power \u201cto restore economic freedom\u201d and described decades of agricultural policy as \u201cunforgivable.\u201d<\/p>\n
He accused previous governments of using the farming sector to finance \u201cthe State, political allies and their clients,\u201d calling it a \u201csystematic model of plunder.\u201d<\/p>\n
Milei reiterated that reducing taxes \u2014 including export duties \u2014 remains one of the government\u2019s priorities, but argued that such cuts can only be sustained alongside fiscal balance and economic growth.\u00a0<\/p>\n
He defended his administration\u2019s austerity program, saying public accounts were now in order and would remain so \u201cto the very end.\u201d<\/p>\n
The president also accused the opposition of attempting to destabilize the government by promoting legislation that threatened fiscal equilibrium. According to Milei, the resulting uncertainty fueled a rush into dollars and disrupted the recovery program.<\/p>\n
\u2018The Rolling Stones\u2019 Regarding inflation, Milei said the government will continue fighting until it has \u201ceradicated\u201d the problem. He defended the fiscal adjustment measures, arguing they had cut poverty in half and lifted 14 million Argentines out of poverty.<\/p>\n
The president also celebrated recent victories in Congress, claiming his administration had defeated opposition initiatives in 13 lower-house votes.\u00a0<\/p>\n
In the midst of fierce infighting within the La Libertad Avanza (LLA) party, the libertarian leader praised his cabinet, comparing his ministers to \u201cThe Rolling Stones\u201d and to tango icon Carlos Gardel \u201cwith an electric guitar.\u201d<\/p>\n
Addressing business leaders at the event, Milei argued that wealth is created by markets rather than the State and told entrepreneurs they were the ones who \u201clift people out of poverty.\u201d<\/p>\n
With information from \u00c1mbito<\/p>\n","protected":false},"excerpt":{"rendered":"
President Javier Milei announced a reduction in export duties on wheat and barley and promised further cuts if he wins re-election in 2027. The Argentine leader also stated he would not lower taxes only to raise them again later, as previous administrations had done. Speaking at the Buenos Aires Grain Exchange on Thursday, Milei said […]<\/p>\n","protected":false},"author":10,"featured_media":66472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5237,414,4836,5238,59,2379],"tags":[5234,595,16175,5235,86,17191],"class_list":["post-66471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-agro","category-business","category-cuts","category-export-duties","category-politics","category-soy","tag-agro","tag-business","tag-cuts","tag-export-duties","tag-politics","tag-soy"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/66471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=66471"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/66471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/66472"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=66471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=66471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=66471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}