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Opposition posters in Buenos Aires cast Javier Milei over a US flag as voters weighed Donald Trump’s alleged interference and a $40bn US bailout announced days before the midterms, with a warning it would be withdrawn if he lost. Defying polls and economic turmoil, Milei won about 41% to 32%, securing a congressional majority with PRO. Inflation fell from above 200% to around 30% after deep cuts, even as wages, jobs and businesses sank. Analysts and voters cited fear of crisis, anti-Peronism and lower inflation, fueling debate over whether US pressure, not support for Milei, drove the result.

Prepared by Lauren Mitchell and reviewed by editorial team.