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Trump says Argentina assistance dependent on election results for ally Milei
Trump tied $20 billion in U.S. financial aid for Argentina to Milei's electoral success as his party seeks to avoid a legislative deadlock and implement economic reforms.
- U.S. President Donald Trump offered Argentina a $20 billion rescue package, which includes an open-ended line of credit and potential debt bond purchases, aiming to stabilize its economy amid political turmoil.
- Country risk in Argentina fell from 1,500 points to 900, and the dollar stabilized at 1,350 pesos after the announcement, indicating improved investor confidence.
- Trump endorsed Argentine President Javier Milei, stating he is a 'truly fantastic and powerful leader,' but warned that financial aid depends on Milei's political support for his austerity plan.
- The White House stated no aid will be provided unless Milei secures political support for his austerity plan.
158 Articles
158 Articles
Trump sends stern warning about future US economic aid to Argentina
US President Donald Trump said on Tuesday that his country's help to Argentina hinged on Javier Milei's La Libertad Avanza (LLA) winning the upcoming midterms, followed by reelection in 2027. Trump stressed that the upcoming elections were 'very important' and 'being watched by the world.'
By Mauricio Torres and Germán Padinger, CNN en Español The friendship is clear but not unconditional. That could be the summary of the message US President Donald Trump gave his Argentine counterpart, Javier Milei, on Tuesday during a meeting they and their teams held at the White House, days after Washington announced a $20 billion swap to aid the Argentine economy. After receiving Milei at the White House and calling him "a great leader," Trum…
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