Republican Sen. Deb Fischer of Nebraska on Tuesday warned President Donald Trump that his proposal for the U.S. to buy Argentina's beef will hurt American cattle ranchers and fail to lower prices.

"Bottom line: if the goal is addressing beef prices at the grocery store, this isn't the way," Fischer wrote in an X post.

Trump floated the idea over the weekend as a way to bring down beef costs, which have soared in the U.S. this year.

The tentative plan would involve further U.S. investment in Argentina, the South American nation whose teetering economy has recently been buoyed by a $20 billion currency swap deal with the Trump administration.

Treasury Secretary Scott Bessent said last week that the U.S. is considering providing Argentina another $20 billion in financing. Argent

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