"But last week, when Trump met with Javier Milei, the President of Argentina, to discuss the twenty-billion-dollar financial package that the Treasury Department has proposed to stabilize the Argentinian peso, the President sounded a different tune. Milei, a Trump ally and far-right conservative who is dedicated to slashing government programs and making a bonfire of regulations, has staked a great deal on maintaining the value of his country's currency."
"The following day, the Treasury Secretary, Scott Bessent, doubled down on the Administration's commitment to Argentina, which, pretty as it is, is also heavily indebted, perennially troubled, and not a major trading partner of the United States. (Last year, the U.S. exported $16.5 billion worth of goods and services to Argentina, compared with $384.4 billion to Mexico, and $78.7 billion to Brazil, Argentina's neighbor.) At a press conference last Wednesday, Bessent said he was working on another twenty-billion-dollar support package, this one financed by banks and investment funds rather than the U.S. taxpayer."
Donald Trump pledged to 'put America first' in his January Inaugural Address. He met with Argentine President Javier Milei to discuss a proposed $20-billion Treasury package to stabilize the peso. Trump praised Milei's philosophy and expressed a desire to see Argentina succeed. Treasury Secretary Scott Bessent announced work on another $20-billion support package, to be financed by banks and investment funds. Argentina is heavily indebted, perennially troubled, and not a major U.S. trading partner; U.S. exports to Argentina totaled $16.5 billion last year compared with much larger exports to Mexico and Brazil. Milei presents as a brash, anti-establishment, free-market conservative.
Read at The New Yorker
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