Argentina's President Milei Plans Meeting with Trump Amid Market Turmoil

Argentine President Javier Milei is scheduled to meet with U.S. President Donald Trump on Tuesday in New York amid ongoing negotiations for a U.S. Treasury loan to help stabilize Argentina’s economy. The meeting reflects the strong bilateral relationship between the two countries and Milei’s alignment with the Trump administration on international policy, including Milei's support for Israel and plans to open an Argentine embassy in Jerusalem. Argentina is currently facing a market selloff triggered by Milei’s recent local election defeat and economic instability, including a sharp devaluation of the peso and interventions by Argentina's central bank to stabilize the currency. Milei defended his economic program despite political setbacks and is seeking support from the U.S. and the International Monetary Fund to meet upcoming debt payments and prevent further market panic. The meeting also attracts attention from financial markets, including cryptocurrency traders, as Milei has advocated for Bitcoin and crypto-friendly policies to combat hyperinflation. The potential U.S. loan and strengthening of U.S.-Argentina ties could influence market sentiment and regulatory outlooks in Latin America.