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Bulwark Takes

Are Trump’s Dumb Economics Causing a MAGA Rift?

Bulwark Takes

The Bulwark

News, Society & Culture, Politics, News Commentary

4.71.2K Ratings

🗓️ 23 October 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Sam Stein and Andrew Egger take on Donald Trump's betrayal of American cattle ranchers and farmers as he prioritizes economic relief in the multi-billions to Argentina.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, everybody. It's me, Sam Stein again, managing under the bulwark. And I'm joined by our

0:04.3

Buenos Aires correspondent, Andrew Eger. Are you in Buenos Aires or is that plant behind you,

0:09.3

Argentinian, an Argentinian plant? I correspond to about basically everything from Alexandria,

0:14.6

Virginia, but we're going to talk Argentina. Okay, sorry. I got confused. Andrew wrote a morning

0:20.4

shots today looking at this weird obsession that the administration has with propping up the country's president, Javier Malay, who is, I guess, a MAGA-ish character, but for Argentina and the spiritual guru behind Doge and now looking for a real bailout because his country's midterms aren't

0:38.5

going to go well for him. And it's starting to have reverberations domestically for Donald Trump.

0:43.5

So, Andrew, why don't you lay out the situation for us?

0:45.6

Yeah, so there's a few things. What I wrote about this morning was the cash bailouts that

0:50.5

the U.S. Treasury is participating in in order to prop up the Argentine peso. We did $20 billion in currency swaps with them. We're buying up a bunch of really valuable pesos that are looking really great. Do you know how the pesos is looking right now? I haven't checked. Last I looked was to write this this morning, and it was not so hot. So maybe there's been a giant rebound. So maybe there will be before this video comes out. Anyway, that's not the real thing we're

1:14.4

here to talk about today, which is the other, some of the other stuff that Trump has sort of floated as

1:18.6

ways of sort of giving Argentina a little bit of a boost. And one that's got him in a little bit

1:22.7

of hot water is he said, well, maybe the Argentinian farmers could use a little bit of a boost in the form of

1:28.8

us buying a bunch more Argentinian beef, which has riled up, as you might imagine, a normally pretty

1:35.2

Trump, pretty pro-Trump constituency back here, which is cattle ranchers, you know, people who

1:40.5

benefit from the fact that, you know, beef prices are much higher now than they have

1:44.5

been in the past. And they have kind of said in no uncertain terms that they, they hate this

1:49.8

plan. There are certain congressmen and congresswomen who hail from agricultural states who

1:54.2

have also kind of made it very clear to Donald Trump. Absolutely not in terms of sort of pledging

2:00.1

to pledging to flood the U.S. market with, you know, shoddy, cheap Argentinian beef.

2:04.9

Wait, hold on. Let's stop for a second because I was always an impression that Argentinian beef was pretty good.

2:09.7

Like the stakes were delicious down in Buenos Aires. I've never actually had one, but is that not the case?

2:15.3

I have no actual knowledge about the comparative quality. So you're basically worthless here. You don't really know what you're talking about. Yeah, yeah, yeah. I know less about cows than anybody else on the staff. But I think it's funny because it's like kind of like, you know, that's what you, that's what you hear. Right. I mean, that's always sort of the tariff thing is like, we have to protect our domestic market, our great domestic producers from the cheap knockoff, shoddy, foreign importers.

...

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