Trump Hosts Argentina’s Milei After $20 Billion U.S. Bailout Deal

Argentina's President Javier Milei arrived at the White House on Tuesday to meet President Donald Trump, just days after the U.S. approved a $20 billion bailout for Argentina’s struggling economy.

The deal, structured as a currency swap with Argentina’s central bank, aims to stabilize the Latin American nation and bolster Milei’s leadership ahead of crucial midterm elections.

.@POTUS welcomes Argentinian President @JMilei to the White House 🇺🇸🇦🇷 pic.twitter.com/6O1RQdlqWj

— Rapid Response 47 (@RapidResponse47) October 14, 2025

The meeting highlights a close alliance between Trump and Milei, whom Trump has called his “favorite president.”

However, the bailout has drawn sharp criticism from Democrats, who accuse the administration of aiding foreign governments and Wall Street investors while the U.S. government remains shut down.

Argentina’s leader is lavishing praise on Donald Trump ahead of his first White House meeting with the president — a tactic that has helped transform President Javier Milei ’s cash-strapped country into one of the Trump administration’s closest allies. https://t.co/5u7fTXd8EO

— ABC News (@ABC) October 14, 2025

Major investment firms such as BlackRock, Fidelity, and Pimco could profit from the deal.

Critics, including American farmers, argue it benefits global financiers and Argentine exporters at their expense. Bessent insists the move will strengthen hemispheric stability.

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