Trump Meets Argentina’s Milei as U.S. Plans $20 Billion Financial Support
U.S. President Donald Trump met with Argentina’s President Javier Milei in Washington as the United States prepares a $20 billion aid package to help stabilize Argentina’s struggling economy. The financial support is expected to come through a currency swap deal, giving Argentina access to U.S. dollars in exchange for pesos. This move aims to control inflation and support the country’s foreign reserves.
However, Trump made it clear that this support depends on Milei’s political success. He said the U.S. would “not waste time” if Milei’s party loses in the upcoming midterm elections. This comment suggests that Washington’s backing may be tied to Argentina’s internal political stability.
The deal is seen as a way to strengthen Argentina’s economic reforms under Milei’s leadership. His government has been promoting free-market policies to attract foreign investment and reduce inflation. But critics in both countries say the aid has political motives, raising questions about the U.S. using financial help as a strategic tool.
Following Trump’s remarks, Argentina’s stock market dipped, and investor confidence weakened slightly as uncertainty grew over the future of the U.S. support.
Impact :
If Milei’s government stays in power, Argentina could see stronger U.S. support and market stability. However, political shifts might reduce confidence and delay recovery.
