Trump insisted that a recent $20 billion (€17 billion) assistance package to Argentina, which administration officials strenuously deny is a bailout, was about helping “our neighbours."View on euronew

That puts Mr Milei under extreme pressure to win. Though he has sharply reduced inflation and poverty since he came into office in late 2023, his party could easily get fewer votes than the Peronist opposition. A series of corruption scandals have alarmed voters. His dogmatic approach has alienated potential allies.

Argentine President Javier Milei is asking for billions of dollars from the Trump administration to prop up the peso, a departure from his program of free-market revisions of Argentina’s economy.

Argentina's government is in talks with the United States over a potential agreement that would grant the South American country trade advantages, President Javier Milei said on Wednesday.

WASHINGTON (TNND) — The Trump administration is looking to double the aid to Argentina after both presidents met on Wednesday. Previously, President Donald Trump agreed to a $20 billion currency swap with Argentina’s central bank as the South American nation teeters on the edge of a financial crisis.

A meeting between President Donald Trump and Argentina’s Javier Milei comes amid a deepening financial crisis in Washington’s South American ally which is receiving a multi-billion-dollar bailout.

The company, whose website proudly declares "Made in Argentina," shut down its glass furnace 18 months ago, operates only one of its four assembly lines and has cut its workforce from 160 to 60, Bender said in an office adjacent to its half-empty warehouses, calling the process "very painful."