The Trump administration authorized a $20 billion financial lifeline for Argentina as it faces an economic crisis. The deal has raised major questions and criticism about its merits. President Trump also said it’s contingent on Argentine President Milei’s party winning elections later this month.

Trumpism could dominate American politics long after Trump himself is gone—just as Perónism continues to dominate politics in Argentina.

Treasury Secretary Scott Bessent said Tuesday the U.S. signed its $20 billion “economic stabilization” agreement with Argentina to prop up the South American nation’s crumbling economy. “As we work to stabilize and secure the Western Hemisphere and Make America Safe Again,

Trump has now agreed to step in with a long-mooted US$20-billion plan. US Treasury Scott Bessent has also pledged another $20 billion in public and private funds to help Argentina weather market turmoil, conditional on a strong electoral showing by Milei.

Critics of President Donald Trump have zeroed in on a hefty financial aid package for Argentina that comes as Argentinian soybean farmers have taken market share from U.S. producers.