US EditionIowa Farmers Sound Alarm as Trump Administration Backs $20 Billion Argentina Bailout
The bailout aims to stabilize Argentina's economy amid collapse fears despite former President Trump's concerns that U.S. taxpayers will not benefit from the $20 billion aid package.
- President Donald Trump acknowledged the $20 billion U.S. financial rescue for Argentina is `not going to make a big difference for our country`.
- To shore up Milei, President Donald Trump initiated a $20 billion rescue to support Javier Milei's market-reform agenda amid a currency crisis and the legislative election Oct. 26.
- After trade shifts, the aid morphed into a credit swap line, Treasury Secretary Scott Bessent said Argentina faces `a moment of acute illiquidity` and the U.S. is ready to stabilize markets.
- Sen. Chuck Grassley and Iowa farmers criticized the move for hurting U.S. soybean producers while U.S. farmers remain without a promised domestic aid package amid the government shutdown.
- White House officials tied continued support to Javier Milei maintaining austerity measures and economic liberalization, and President Donald Trump called the move strategic, saying `IF ARGENTINA DOES WELL, YOU'RE GOING TO HAVE OTHERS FOLLOWING, AND A LOT OF OTHERS ARE FOLLOWING.
16 Articles
16 Articles
Trump’s Argentina 20-40 Billion Bailout Enriches One Well-connected American Billionaire
About that $20 billion Trump is giving Argentina to bail out fellow rightwing populist Javier Milei: Judd Legume reports that money especially benefits Rob Citrone, a billionaire hedge fund manager with ties to Treasury Secretary Bessent. A $20 billion...
‘So much for America First’: Trump torched over huge bailout for president's 'dear friend'
Treasury Secretary Scott Bessent announced Wednesday that his agency is working to secure an additional $20 billion to add to the previously announced $20 billion bailout of Argentina, an announcement that sparked outrage from the administration’s critics.“So that would be a total of $40 billion for...
Iowa farmers sound alarm as Trump administration backs $20 billion Argentina bailout
Iowa farmers have expressed outrage over a $20B U.S. bailout for Argentina, claiming it benefits their competitors while trade wars and delayed aid hurt American agriculture.
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
