Why Trump Is Spending $20B to ‘Make Argentina Great Again’ | WSJ
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President Trump recently announced a $20 billion deal to rescue Argentina and President Javier Milei, angering U.S. farmers and putting American taxpayers at risk. On Wednesday, Treasury Secretary Scott Bessent announced that the Trump Administration was also assembling an additional $20 billion aid in a private finance facility that could act as a backstop for Argentina's debt. WSJ explains how the Trump administration is able to rescue Argentina and why it is propping up an ideological ally. Chapters: 0:00 Trump’s bailout 0:24 Who is President Milei? 1:31 Milei’s spending cuts and the peso 3:32 Trump’s aid 4:53 What’s at stake? News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #Trump #Argentina #WSJ
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