US Edition‘So Much for America First’: Trump Admin Says Argentina Bailout Doubling to $40 Billion
The $20 billion aid, aimed at stabilizing Argentina's peso, faces criticism from U.S. farmers and politicians who say it undermines America First and harms domestic agriculture.
- On Oct. 20, the Trump administration approved a $20 billion Treasury-backed currency swap with Argentina, with officials considering doubling assistance to $40 billion.
- Milei's weak peso worsens living standards, while legislative elections and China's soybean purchases amid U.S. tariffs pressure Argentina's president to maintain pro-market reforms.
- U.S. soybean producers warned Argentina has taken market share as China bought about 7 million tonnes after tariff changes, and Todd Hubbs said, `The South American soybean crop was good this year and is expected to grow next year.`
- The administration defended the Argentina assistance as support for an ally, while promised aid to U.S. farmers remains stalled by the government shutdown and USDA regional officials will be recalled soon.
- Critics warn buying Argentinian assets above market risks U.S. losses amid structural FX weaknesses, while the Exchange Stabilization Fund enables intervention; the Congressional Budget Office projects $24.6bn for ACA enhanced subsidies, raising trade-off concerns.
15 Articles
15 Articles
White House has no timeline for completing Trump's farmer bailout
President Donald Trump is stuck between a rock and a hard place, forced to balance the government shutdown-linked delay of promised emergency aid for American farmers with continued efforts to prop up a political ally in Latin America. The Trump administration had repeatedly promised to stand up a bailout of American farmers, who have been hit particularly hard by the president’s tariff war. Trump and his top aides hinted late last month at plan…
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Rep. Massie to Newsmax: MAGA ‘Doesn’t Mean Make Argentina Great Again’
Rep. Thomas Massie, R-Ky., told Newsmax on Tuesday that President Donald Trump should stay focused on the America First agenda he campaigned on, rather than directing billions toward helping foreign nations such as Argentina. Massie, a libertarian-leaning conservative who frequently butts heads with Trump, told "Rob Schmitt Tonight" he supports Argentine President Javier Milei's free-market reforms but warned that U.S. involvement in South Ameri…
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