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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.
165 Articles
165 Articles
Trump Warns Argentina: Back Milei or Lose US Funds
In a rare presidential endorsement in a foreign election, President Donald Trump has thrown his political cachet into the reelection campaign of Argentinian President Javier Milei on Tuesday night. "Great meeting today with Javier Milei!" Trump wrote on Truth Social. "He is doing the right things for his Country. I hope the people of Argentina understand how good a job he is doing, and will support his work during the upcoming Midterms, so we ca…
The President of the United States, Donald Trump, gave a firm backlash this Tuesday to his Argentine counterpart, Javier Milei, during a luncheon at the White House, in which he expressed his total support, although it generated uncertainty by conditioning the financial aid to Argentina to the political future of the ultra-libertarian leader. The meeting, the first that both maintain in the presidential residence, served to seal the alliance bet…
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.'
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