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A week after Treasury Secretary Scott Bessent announced a $20 billion currency swap with Argentina’s central bank, President Donald Trump hosted President Javier Milei at the White House, praising his agenda while tying U.S. generosity to Milei’s electoral fortunes. With terms still undisclosed and taxpayer dollars at stake, the move drew fire from U.S. soybean farmers and lawmakers in both parties, who say Washington is aiding a competitor as China shifts purchases to South America. Bessent rejects the “bailout” label, calling it strategic support; the administration has yet to deliver promised relief to farmers amid a government shutdown.

Prepared by Christopher Adams and reviewed by editorial team.