Core Viewpoint - The Argentine government has temporarily suspended export withholding taxes on agricultural products such as grains, beef, and poultry until October 31, 2023, to boost agricultural exports and stabilize the local currency [1] Group 1: Government Actions - The suspension of export withholding taxes aims to increase the supply of US dollars and alleviate foreign exchange tensions ahead of the mid-term elections in October [1] - The Argentine Central Bank has intervened in the foreign exchange market using foreign reserves due to significant depreciation of the Argentine peso against the US dollar [1] Group 2: Tax Rate Changes - President Milei announced a permanent reduction in export withholding taxes for various agricultural products, including beef and poultry, with rates decreasing from 6.75% to 5%, corn and sorghum from 12% to 9.5%, sunflower seeds from 7.5% to 5.5%, soybeans from 33% to 26%, and soybean by-products from 31% to 24.5% [1]