The Trump administration says it is working to provide tens of billions of dollars to Argentina’s President Javier Milei, in a financial bailout that many critics say clashes with President Donald Trump’s “America First” platform.
The U.S. State Department told Newsweek Thursday that the America First Foreign Assistance programs must align with administration policies and advance concrete U.S. national interests.
Why It Matters
On Wednesday, U.S. Treasury Secretary Scott Bessent confirmed the United States 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 largest South American economies and has notable natural resources, including oil, gas, uranium, and lithium, which are often used in batteries.
Hellbound and Down 