Overview

• Trump initially linked U.S. generosity to electoral outcomes, then posted that Milei has his “total” support and explicitly referenced the upcoming midterms.
• Presidential spokesman Manuel Adorni, Security Minister Patricia Bullrich, and adviser Santiago Caputo said the comment referred to 2027 or policy continuity, urging markets to stay calm.
• Argentine stocks and bonds quickly reversed gains and fell by as much as about 10% after the conditional-aid remarks were reported.
• Reports cite a proposed U.S. Treasury swap facility of roughly $20 billion to bolster reserves, described as conditional and lacking full implementation details.
• Economic analysts warned that the episode heightens volatility and argued Argentina must build its own reserves to reduce exposure to externally contingent support.