US President Donald Trump hosted Argentine President Javier Milei at the White House, reaffirming his support for Milei's re-election bid. The meeting comes days after the US approved a $20 billion financial lifeline for Argentina, aimed at stabilizing the country's economy. Trump linked future financial assistance to the outcome of Argentina's upcoming legislative elections, stating that US support would depend on Milei's success.
Trump described Milei as a "great leader" and expressed confidence in his ability to win the election. The US aid package, arranged through a central bank swap, aims to help Argentina manage its economic crisis and debt repayments. Treasury Secretary Scott Bessent emphasized that the US remains committed to supporting Milei's reforms, but also hinted at a potential rethink of US support if Milei's party fails to deliver.
The meeting between Trump and Milei underscores the close relationship between the two leaders. Trump has previously endorsed Milei and praised his economic policies. Milei, a libertarian, has been a vocal critic of socialism and has implemented austerity measures to stabilize Argentina's economy. However, the aid package has drawn criticism from Democratic lawmakers, who accuse Trump of prioritizing foreign bailouts over domestic issues.
The $20 billion aid package is seen as a strategic move to support a key regional ally and stabilize Argentina's economy. However, Trump warned that US support would be conditional on Milei's success in the upcoming elections. "If he loses, we are not going to be generous with Argentina," Trump said. The US assistance package has sparked debate, with some questioning its implications for US taxpayers and the potential impact on American farmers.
