A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.

The president said some revenue from tariffs would go to crop farmers, but the agriculture secretary said a plan wasn’t yet ready.

China stopped buying soybeans from America in May, placing a retaliatory tariff on the bumper crop after President Trump increased levies on goods from China.

North Dakota farmers are scrambling to find extra storage space and bracing for land values to fall as soybeans that should be bound for China begin to pile up.

Tariffs triggered a plunge in China’s exports to the United States, but its global trade surplus is larger because sales to other regions are surging.

U.S. farmers need to sell their incoming crop, and China needs to buy it in case its main alternative, Brazil, has a flood or drought. But their trade war prevents a deal.

President Trump’s order continues a reprieve from the threat of escalating tariffs and export controls, which rocked the global economy earlier this year.

President Trump has yet to formally sign off on an agreement to extend an economic cease-fire with China, which expires on Tuesday.