Trump-Backed Milei Wins Argentina Midterms Securing $20B Economic Aid

President Donald Trump played a significant role in supporting Argentine leader Javier Milei and his party, Liberty Advances, ahead of Argentina's midterm legislative elections, including a $20 billion currency swap agreement and a potential $40 billion bailout to stabilize Argentina's struggling economy. Milei's party won decisively, securing 40.8% of the votes, allowing him to continue implementing austerity measures and economic reforms aimed at reversing decades of socialist policies. Trump publicly congratulated Milei, praising his leadership and reaffirming U.S. confidence in him, while Milei reciprocated by thanking Trump and emphasizing their shared commitment to Western values and liberty. The U.S. intervention marked one of the largest election-influencing efforts by President Trump since World War II, signaling a strategic bet on Milei's political success and a potential template for future foreign policy tactics. Milei's victory has also positively influenced Argentine markets, with optimism from U.S. financial institutions and expectations of further U.S. fiscal support contingent on Milei's continued leadership. The alliance between Trump and Milei represents a significant shift in Argentine-U.S. relations, moving away from previous administrations' ties with China, Iran, and Russia.