Trump, Argentina
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Ahead of key legislative elections in Argentina, the Trump administration offered a $20bn rescue package, known as a currency swap facility, to help stabilise the peso. This is an agreement between two central banks to exchange debt under set terms. The agreement was officially signed on October 20.
Treasury Secretary Scott Bessent said on Tuesday that the U.S. has signed its $20 billion “economic stabilization” agreement with Argentina to prop up the South American nation’s crumbling
The United States has finalized a $20 billion bailout framework with Argentina, making good on President Donald Trump's pledge to help the struggling country.
By Leila Miller BUENOS AIRES (Reuters) -When U.S. President Donald Trump last week conditioned a hefty financial bailout of Argentina on President Javier Milei triumphing in upcoming midterm elections,
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
President Donald Trump attacked US cattle ranchers over their criticism of his plan to slash record beef prices by importing more meat from Argentina, deepening a quarrel over his trade policy with a group of reliable supporters.