Trump boosts Argentina’s Milei with $20 bn economic lifeline as US buys pesos

The United States has stepped in to bolster Argentina’s floundering economy, with Treasury Secretary Scott Bessent announcing Thursday a $20 billion economic support package and the purchase of Argentine pesos aimed at stabilising the South American nation’s volatile markets. Argentine President Javier Milei, a staunch ally of Donald Trump, hailed the initiative and praised the US president for his “vision and powerful leadership” in facilitating the deal.