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Trump to Welcome Argentina's President Milei as US Extends $20 Billion Lifeline

Milei seeks U.S. political and economic backing amid Argentina's financial crisis and rising disapproval, with Washington pledging $20 billion to support the economy, officials said.

  • Argentina's President Milei is seeking help from Trump as his country struggles with a financial crisis, and Trump has promised $20 billion to prop up Argentina's economy.
  • Argentina has had to spend over $1 billion to defend its currency, the peso, a strategy economists believe is unsustainable, prompting the US intervention.
  • The US aims to counter China's influence in Argentina, a major lithium producer that had been deepening ties with China before Milei took power.
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Center

American support represents a breath of oxygen for the Argentine economy and its president, in poor posture.

·Montreal, Canada
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  • 66% of the sources are Center
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ADNSur broke the news in on Sunday, October 12, 2025.
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