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Trump–Milei Summit Set for Tuesday at the White House as $20 Billion U.S. Swap Backs Argentina

The meeting is designed to convert the new WashingtonBuenos Aires alignment into tangible economic support ahead of Argentina’s Oct. 26 legislative elections.

Overview

  • The Argentine presidency confirmed the Oct. 14 White House bilateral after the U.S. Treasury authorized a $20 billion currency-swap facility for reserve support.
  • U.S. Ambassador Peter Lamelas said the United States is committed to strengthening ties with Argentina and pointed to new opportunities for investment and trade.
  • President Javier Milei framed the U.S. backing as help to sustain his reform program and to counter kirchnerismo as he seeks momentum before the legislative vote.
  • Buenos Aires expects economic announcements tied to the summit, with local reporting describing possible tariff reductions on roughly 100 tariff lines and further support, though timing and scope remain unconfirmed.
  • Milei travels Monday with Economy Minister Luis Caputo and other senior officials, with the agenda including trade, investment, and financial coordination, while Trump’s overseas travel plans are not expected to alter the meeting.