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Can Trump's Support Save Argentina's Economy from Further ...
2025-10-02 12:29:10
Economy
USA

Can Trump's Support Save Argentina's Economy from Further Collapse?

Argentina's economic turmoil has intensified under President Javier Milei, despite initial optimism surrounding his leadership. US President Donald Trump has voiced strong support for Milei, promising significant financial assistance, including a $20 billion credit line aimed at stabilizing the beleaguered economy.

However, rapid depreciation of the peso and rising unemployment have marred Milei's reforms, leading to declining approval ratings. The anticipated boost from US aid proved fleeting, with bond prices tumbling and market confidence wavering.

Critics, including US lawmakers, argue that Trump's support may inadvertently harm American farmers, particularly in light of trade disputes exacerbated by Argentina's new policies. As the situation deteriorates, the prospects for Argentina's economic recovery remain uncertain.

Related news on that topic:

Can US Support Rescue Argentina's Economy Amidst Milei's ... Struggles?

Argentina's economy is facing a severe crisis, marked by rising unemployment and stagnant wages. President Javier Milei is striving to implement vital reforms, yet his approval ratings are faltering. In this context, US support has emerged as a potential lifeline, with President Trump endorsing Milei as a powerful leader. The US Treasury has promised significant financial intervention, including a $20 billion credit line, which aims to stabilize Argentina's dwindling foreign reserves. However, skepticism looms over the effectiveness of this assistance, as the market reacted negatively, with a notable plunge in the peso and Argentine stocks. Experts suggest that while US involvement may provide temporary relief, fundamental changes in economic policy are crucial for long-term recovery. The dynamic between Trump and Milei raises further questions about the political motivations behind this financial support.

The press radar on this topic:

Al Jazeera
1. Oktober 2025 um 12:34

Can Trump save Argentina’s crisis-stricken economy as he hopes?

This article discusses Argentina's economic crisis and US President Donald Trump's support for his counterpart Javier Milei. Trump described Milei as a 'truly fantastic and powerful leader' and pledged to help stabilize the Argentinian economy. US Treasury Secretary Scott Bessent promised a 'large' intervention, including buying Argentine government bonds and advancing a $20bn credit line. This move is seen as crucial in preventing Argentina's central bank from depleting its foreign exchange r..
The Guardian
2. Oktober 2025 um 05:00

Farage, Trump, Musk: your boy Javier Milei just took one hell of a beating. Why so quiet?

Milei's Argentina presidency imploded due to economic collapse, despite initial praise as a 'libertarian success story'. Expert Maria Victoria Murillo notes his failure to deliver on key issues. Journalist Alejandro Bercovich describes the situation as Argentina's government melting in front of their eyes, while Nigel Farage and Kemi Badenoch maintain a red-faced silence.
EL PAÍS
2. Oktober 2025 um 09:30

Senators blame Trump for aiding Milei that hurts US farmers

A US-China trade dispute hurts American soybean farmers. Senador Demócrata Elisabeth Warren blames Trump for aiding Argentina's President Javier Milei, who temporarily eliminated export taxes in Buenos Aires to boost sales. The US Department of Agriculture reports that China reserved no shipments of US soybeans from May to September after Argentina signed a deal with China. Secretary of the Treasury Scott Bessent expressed interest in ending tax exemptions for Argentine commodity producers.
EL PAÍS
2. Oktober 2025 um 09:30

The Government of Milei fails to stop the depreciation of the peso and demand for dollars

President Javier Milei's government struggles to stabilize the economy as the peso depreciates against the US dollar. The currency lost 6.5% of its value in seven days, despite measures to control inflation and stabilize the economy. A $20 billion swap deal announced by Donald Trump's administration was expected to boost confidence, but its effects were short-lived. Bond prices for Argentine bonds dropped 1%, while shares of companies listed on Wall Street fluctuated. Milei blames the
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