Trump to endorse Milei, tying $20B U.S. lifeline to his political future in Argentina: ‘If he wins, we’re staying with him’

OAN Staff Brooke Mallory

President Donald Trump said on Tuesday that he would endorse Argentinian President Javier Milei for re-election, in addition to informing him that America’s $20 billion financial support package for Argentina will completely depend on whether Milei and his administration remain in power.

Speaking alongside Milei at the White House, Trump praised the libertarian leader and signaled that continued U.S. backing would be conditional on Milei’s political success.

“If he wins, we’re staying with him. And if he doesn’t win, we’re gone,” Trump said, referring to Argentina’s upcoming elections.

In early October, the Trump administration finalized the $20 billion financial lifeline for Argentina, structured as a currency swap line and direct purchases of Argentine pesos. The move aims to “stabilize Argentina’s economy amid a currency crisis” and support President Milei ahead of midterm elections.

Under the deal, the U.S. Treasury will provide dollars in exchange for Argentine pesos, giving Buenos Aires critical liquidity as inflation remains above 100% and foreign reserves near historic lows.

Treasury Secretary Scott Bessent described the plan as a “financial lifeline” for an ally pursuing free-market reforms. But he also emphasized that U.S. assistance would be contingent on Argentina maintaining “sound fiscal and market-oriented policies” — with Milei’s continued leadership.

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