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Trump is bailing out Argentina. What happened to ‘America first’?

Trump is offering his friend Javier Milei, Argentina’s president, a $20 billion lifeline.

President Trump’s administration may have frozen foreign aid but this week it’s giving Argentina a $20 billion lifeline. It's a move his critics are suggesting is more about politics than sound economics. Argentina’s president, the chainsaw-wielding Javier Milei, is a friend and close ally of Trump’s. On on Tuesday, Milei will visit the White House to discuss the details of this new rescue plan. We ask the ÃÛÑ¿´«Ã½â€™s South America correspondent, Ione Wells, whether Trump is ditching ‘America First’ economics to bail out Argentina, or whether this is a financial gamble that could pay off.

Further reading: "How Milei's 'Thatcherite' economics divided his nation - but won over Trump" /news/articles/c9865l8540eo

Producer: Viv Jones.
Executive producer: James Shield.
Mix: Neil Churchill.
Senior news editor: China Collins.
Photo:Reuters/Al Drago

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28 minutes

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Wed 15 Oct 2025 00:32GMT

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