Argentina's government, led by President Mauricio Macri, has sent a bill to congress seeking powers to impose export taxes of up to 33% until the end of 2020. Primary exports such as crops currently pay a 10% levy, while soyabean shipments are charged 18%. The government says it is trying to protect domestic producers from foreign competition.
Argentina's government, led by President Mauricio Macri, has sent a bill to congress seeking powers to impose export taxes of up to 33% until the end of 2020. Primary exports such as crops currently pay a 10% levy, while soyabean shipments are charged 18%. Macri has dubbed the duties "terrible", but said they were necessary to stabilise the country's flagging economy.