Trump Meets Argentina’s Milei Amid $20B Bailout Talks
Argentine President Javier Milei's White House meeting with Donald TRUMP follows a $20 billion U.S. currency swap agreement to stabilize Argentina's peso. The bailout aims to replenish depleted foreign reserves after Milei's austerity measures triggered political backlash.
Conservative allies Trump and Milei showcased mutual admiration, with the U.S. president praising Argentina's leader as "very great." The visit coincides with negotiations for tariff exemptions on Argentine exports to the U.S.
Market intervention comes after Milei's party suffered electoral losses amid rising unemployment, highlighting the economic turbulence facing cryptocurrency markets in emerging economies.