US President Donald Trump’s decision to offer a $20 billion bailout to Argentina marks a rare move for a Republican administration that has traditionally opposed international rescue packages. The support is aimed at propping up Javier Milei, Argentina’s libertarian president, whose government has been struggling with inflation, debt, and a fragile peso. Trump, who has repeatedly called Milei his “favourite president,” views him as a political ally and is willing to tie US resources to his survival. Yet the decision has triggered a storm of criticism at home, where farmers and lawmakers see it as risky and unfair, the New York Times reported.
Why Argentina needs help
Argentina’s economy has long been plagued by debt crises, defaults, and runaway inflation. Its currency, the peso, has com