Trump has bought Milei some time
Spectator (UK)5 days
This bailout represents another example of Trump prioritizing personal relationships over American taxpayers. Milei's "chainsaw" austerity program has devastated Argentina, pushing over half the population into poverty while unemployment soars and the economy deindustrializes. The US is essentially propping up a failed libertarian experiment that has immiserated millions of people. American families struggling with their own economic challenges shouldn't be forced to subsidize Trump's ideological ally who has proven incapable of managing his own country's finances.
Argentina represents a crucial strategic ally in countering Chinese influence across Latin America, particularly in lithium mining and Antarctic access through southern ports. Milei has achieved impressive fiscal consolidation and broad liberalization that lays the foundation for Argentina's historic return to prosperity. The extraordinary level of US political and financial backing demonstrates smart geopolitical positioning, as Argentina offers moral support for Washington's global initiatives while other regional partners have deepened ties with Beijing. This support package provides essential stability during a critical electoral period.
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