US Edition
China Accuses US of Bullying After Bessent’s Argentina Comments
Scott Bessent says Milei aims to reduce China’s influence in Argentina while the U.S. considers a dollar swap line to support Argentina’s economy, worth $18 billion to Beijing.
- Scott Bessent confirmed U.S.-Argentina talks for a direct dollar swap line, saying Milei is committed to getting China out of Latin America and the United States plans to use Argentina as an example.
- Facing a currency crisis, Argentina turned to the IMF and was granted $20 billion through an Extended Fund Facility, while doubts about Milei's program raised questions over cancelling an $18 billion swap line with Beijing.
- After peaking at over 1,475 pesos the dollar fell back to 1,421 by late Friday as news of imminent dollar support briefly slowed depreciation.
- U.S. Special Envoy Mauricio Claver‑Carone called the facility `extortionate`, while Scott Bessent defended the measure on Fox News as not a bailout and said the ESF has not lost money.
- From the IMF and U.S. viewpoint, failure of Milei's reforms could unravel Argentina and delegitimize the free‑market ideology, but Scott Bessent and the IMF expect stability over time.
49 Articles
49 Articles
On Saturday, the Chinese Embassy in Argentina criticized the statements made by US Treasury Secretary Scott Bessent, calling them a “deep-rooted mentality in the times of the Cold War,” according to a statement published on its social networks. “The provocative statements made recently by US Treasury Secretary Scott Bessent in referring to relations between the People’s Republic of China and Argentina, and cooperation with Latin American and Car…
The Daily Gazette
Buenos Aires TimesChina accuses US of bullying after Bessent’s Argentina comments
China accused the U.S. of Cold War-era intervention in Latin America after Treasury Secretary Scott Bessent suggested Argentina’s president was “committed to getting China out.” Bessent made his comments on Fox News on Thursday as the U.S. offers a $20…
By Anabella González and Uriel Blanco, CNN en Español The spokesperson for the Chinese Embassy in Argentina responded this Saturday to statements by the U.S. Treasury Secretary, Scott Bessent, in which he said that he does not want Argentina to be “another failed state or led by China.” “Scott Bessent and the United States must understand that Latin America and the Caribbean is not anyone's backyard. They should also know that they cannot disrup…
By Anabella González and Uriel Blanco, CNN en Español The spokesperson for the Chinese Embassy in Argentina responded this Saturday to statements by the U.S. Treasury Secretary, Scott Bessent, in which he said that he does not want Argentina to be “another failed state or led by China.” “Scott Bessent and the United States must understand that Latin America and the Caribbean is not anyone's backyard. They should also know that they cannot disrup…
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