ECONOMY

Trump Administration’s $20B Argentina Rescue Sparks Backlash

The Trump administration moved to bail out Argentina with a $20 billion currency swap and rare direct purchases of pesos, steps Treasury Secretary Scott Bessent said are meant to steady markets amid “acute illiquidity.” The rescue arrives as the U.S. nears a two‑week shutdown and fallout from Trump’s trade war, fueling criticism that Washington is aiding President Javier Milei, a close ally, for political ends. Lawmakers and farmers warn the move worsens soybean pain as China turns to Argentine supplies, while officials argue the plan protects regional stability.

Reviewed by JQJO team

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