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Milei Heads to Washington for Oval Office Meeting With Trump as $20 Billion U.S. Lifeline Takes Shape

The talks aim to convert a $20 billion U.S. Treasury backstop into concrete financing terms, tariff relief, investment commitments.

Overview

  • The White House confirmed Tuesday’s Oval Office meeting, with the start time shifted roughly two hours later than initially planned but still slated to run under two hours with a working lunch.
  • Milei is staying at Blair House and traveling with Karina Milei, Economy Minister Luis Caputo, Security Minister Patricia Bullrich, spokesperson Manuel Adorni and central bank chief Santiago Bausili, joining Chancellor Gerardo Werthein and Ambassador Alec Oxenford in Washington.
  • Negotiators are expected to discuss tariff adjustments under Trump’s 10% base rate and prospective U.S. investment in energy, mining, rare earths and uranium, while operational details of the $20 billion currency swap remain pending.
  • U.S. Treasury Secretary Scott Bessent linked support to curbing Chinese influence in Argentina, a stance criticized by China’s embassy and downplayed by Argentine officials who signaled no immediate break with Beijing.
  • The accelerated visit doubles as a market and campaign signal before Argentina’s October 26 legislative elections, even as some U.S. lawmakers push legislation to block the rescue and investors await implementation specifics.