US Backs Argentina's Economic Reforms Amid China Concerns

U.S. Treasury Secretary Scott Bessent met with Argentine President Javier Milei to express strong support for Argentina's economic reforms aimed at stabilizing the country's economy. During the meeting, Bessent highlighted the importance of avoiding 'rapacious' agreements with China, which he claims have burdened Latin American nations with debt and compromised their resources. He praised Milei's efforts to reduce trade barriers with the U.S. and applauded Argentina's recent $20 billion loan agreement with the International Monetary Fund. Bessent emphasized that the U.S. seeks to promote sustainable growth and equitable trade practices in the region. The visit reflects the Trump administration's commitment to strengthening economic ties with Argentina while addressing concerns over Chinese influence in Latin America. China's response to Bessent's remarks was swift, labeling them as slanderous, highlighting the ongoing geopolitical tensions in the area.