Argentina’s President Javier Milei met US President Donald Trump in Washington as his country faces a severe economic crisis marked by soaring prices, a weakening peso, and declining investor confidence. The US announced a $20 billion currency swap to support Argentina’s economy, but Trump said aid depends on Milei winning the October 26 midterm elections. Washington’s backing is linked to strategic interests, including Argentina’s vast lithium reserves and its soybean exports, as well as countering China’s influence. The US also seeks a political ally in Milei, aligning with its historical strategy of shaping South American politics to secure economic and geopolitical interests.
