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Trump says Argentina assistance dependent on election results for ally Milei
Trump warned that $20 billion in U.S. aid hinges on Milei's coalition winning midterms to pass reforms amid Argentina's economic crisis, Treasury officials said.
- 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.
291 Articles
291 Articles
Trump Warning: Aid to Argentina at Risk if Milei Loses Elections
President Donald Trump has threatened to cut U.S. financial support to Argentina if President Javier Milei loses upcoming legislative elections. Speaking from the White House, Trump said American taxpayers would not fund a government led by “far-left” forces and praised Milei’s free-market reforms. The warning follows a $20 billion (€17.2 billion) aid package which the administration insists is not a bailout but support for Argentina’s neighbour…
What We’re Watching: Trump makes conditional pledge to Argentina’s Milei, & More
Trump pledges money to Argentina – if Milei’s party wins midtermUS President Donald Trump appeared to hand Argentine President Javier Milei a financial lifeline ahead of the South American nation’s midterm election later this month, pledging to grant the long-suffering economy a $20-billion bailout. But, the US leader added, “If he loses, we are not going to be generous with Argentina.” Trump denied that he was seeking to boost Milei ahead of th…
Democrats flip ‘America First’ script on GOP over Argentina bailout
Democrats are using a $20 billion lifeline to Argentina to claim Republicans care more about bailing out foreign governments than helping Americans at home. The messaging, a riff on President Donald Trump’s “America First” policy agenda, intensified ahead of a White House visit by Argentinian President Javier Milei on Tuesday, where Trump said the United States would “be there” for Argentina, so long as Milei succeeds in midterm elections set to…
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