The Belgrano Cargas network moves export grains and other goods across 17 of Argentina’s provinces

Banks, producers, and suppliers are among those affected by the agricultural company’s default

The move comes days before a reduction in the so-called “crawling peg” comes into effect.

With reserves around US$10 billion in the red, around half of travelers’ spending is settled in pesos

The government established a series of conditions in the decree that brings the duty cut into force

Despite the changes, long-term projections for established firms remain positive

So far, 45% of the harvest has been sold, leaving over 10 million tons in the hands of producers.

Economy Minister Luis Caputo said the move was ‘temporary’ in a joint press conference with Manuel Adorni

Analysts argue that Trump’s protectionism poses difficulties and warn that the move could split the Mercosur bloc