Trump threatens to cut US aid to Argentina if Milei loses election
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Trump threatens to cut US aid to Argentina if Milei loses election
"If he loses, we are not going to be generous with Argentina, the US president said as Milei visited the White House to seek the Republican's political and economic support. I'm with this man because his philosophy is correct. And he may win and he may not win I think he's going to win. And if he wins we are staying with him, and if he doesn't win we are gone."
"Trump has, however, faced questions about how a big bailout for Argentina tallies with that same America First policy. Asked by reporters what the benefit to the United States was, Trump replied: We are helping a great philosophy take over a great country. We want to see it succeed. With Argentina struggling to stave off yet another financial crisis and Milei's disapproval ratings rising, the country's president has come to his rightwing ally Trump for help."
Donald Trump warned he could cut US financial aid if Javier Milei loses upcoming legislative elections, after promising about $20bn to support Argentina's struggling economy. Milei visited the White House and received a full ideological endorsement as his minority party seeks to boost its seat tally in midterms on 26 October. Election results will determine whether Milei can pass tough cost-cutting reforms or will face a legislative brick wall for two years. Argentina has spent more than $1bn defending the peso, a strategy many economists call unsustainable, prompting Milei's allies in Washington to arrange a bailout despite questions about how a large rescue fits an America First stance.
Read at www.theguardian.com
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