America’s risky bid to make Argentina great again
Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally
Related reading
Trump’s gamble on Argentina
The US administration is backing an ally’s misguided exchange rate policy
US Treasury arranging fresh $20bn in debt market support for Argentina
Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei
Why is the US supporting Argentina’s currency?
The Treasury’s intervention holds risks for Washington
Argentina’s Javier Milei to meet Donald Trump for talks on US financial lifeline
Treasury secretary Scott Bessent said on Monday that ‘all options’ were on the table
The limits on Scott Bessent’s Treasury swap lines for allies
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints
Donald Trump says US support for Argentina is ‘gone’ if Javier Milei suffers…
President suggests $20bn swap line is contingent on libertarian’s victory in midterm elections