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Trump Admin’s $20 Billion ‘Bail Out’ for Argentina’s Milei Raises Eyebrows (www.newsweek.com)

submitted 2 months ago* (last edited 2 months ago) by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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On Wednesday, U.S. Treasury Secretary Scott Bessent confirmed the U.S. is in talks to provide $20 billion to Milei. The announcement comes months after the Trump administration dismantled the U.S. Agency for International Development (USAID) in an effort to instead support programs aligned with Trump's "America First" agenda.

Argentina is one of the biggest South American economies, and has notable natural resources, including oil, gas, uranium and lithium, which are often used in batteries.

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[–] kersploosh@sh.itjust.works 12 points 2 months ago

Or Trump is trying to shake down Argentina while they're in a tough spot. "We'll give you a bailout if you give us open access to your mineral wealth, and promise to do some future favors when we ask."