BUENOS AIRES, Argentina (AP) — Addressing crowds of struggling farmers in flat caps and home-knit sweaters who helped vault him to power but have grown...
BUENOS AIRES , Argentina — Addressing crowds of struggling farmers in flat caps and home-knit sweaters who helped vault him to power but have grown increasingly impatient with his progress, President Javier Milei on Sunday vowed to scrap export taxes and rescue Argentina 's key agricultural industry.
The crowds whooped and cheered. As the farmers tell it, that model of budget-busting populism confiscated their wealth for redistribution among the unproductive masses and devastated the lush grain belt that made Argentina among the world’s richest economies a century ago.Today, Argentina remains one of the biggest livestock and grain producers but its more dubious distinctions include being beset with one of the world’s highest debt burdens and highest annual inflation rates.
President Milei has prioritized balancing the government’s books and quelling inflation — key campaign promises that he hopes can keep public opinion from swinging against him as his austerity drive hits Argentines hard. In recent weeks, Milei has moved to hike up taxes and tighten his grip on the exchange rate, contradicting his libertarian orthodoxy and stoking frustration among farmers.
“The economy has never been good to us, but this drop in consumption has really hit us hard,” said 67-year-old rancher Jorge De Marcos. “It's tragic because steak here isn't just steak, it's a way of life.”A fire at an East Vancouver Walmart has resulted in several million dollars in damages, according to Vancouver police. The fire broke out just before 10 a.m. on Saturday, at the Walmart located near Grandview Highway and Boundary Road.
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