Trump Admin Doubles Argentina Bailout to $40 Billion, Raising “America First” Questions
The United States, under the Trump administration, is planning to double a private sector bailout for Argentina, increasing it to $40 billion to stabilize the nation’s struggling currency. This move, announced by US Treasury Secretary Scott Bessent, aims to bolster the peso, which has lost significant value against the dollar, and help Argentina manage its substantial external debt. The bailout is conditional on President Milei remaining in power, as stated by Trump. The deal is controversial, with critics questioning the prioritization of foreign aid over domestic needs, and raising concerns about its impact on both Argentina’s economy and American farmers.
John Q. Hosedrinker