Overview

• During an Oval Office meeting, Milei shared Trump's handwritten note calling him 'a great president' and 'friend.'
• The assistance will arrive through a currency swap with Argentina’s central bank that the White House frames as stabilizing a key regional ally.
• Trump warned U.S. support could be pulled if Libertad Avanza falls short in the Oct. 26 legislative elections.
• The decision has drawn criticism inside the United States, including from farm groups citing China’s recent shift of soybean purchases to Argentina.
• Argentina’s finances remain strained after sharp austerity, with official 12-month inflation near 31.8% and corruption allegations targeting close Milei aides.