Argentina's President Javier Milei met with President Donald Trump at the UN on Tuesday. Chip Somodevilla/Getty Images New York —

The Trump administration is negotiating a financial lifeline for Argentina, seeking to stabilize its currency and prevent broader economic fallout.

Such an extraordinary intervention might seem like an odd choice for the Trump administration, whose “America First” agenda calls for a more hands-off approach to foreign affairs. But it starts to make some sense (ideologically, at least) when you view the effort through a global MAGA lens: It’s one wealthy, far-right leader helping out his like-minded, loyal pal.

Here’s the deal: Treasury Secretary Scott Bessent said Wednesday that the US would extend a $20 billion swap line — exchanging US dollars for pe

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