US president says ‘we will not be generous’ if leader fails to win key midterms after promising $20bn to prop up struggling economy
US president says ‘we will not be generous’ if leader fails to win key midterms after promising $20bn to prop up struggling economy
Donald Trump has warned he could cut financial aid to Argentina if his ally Javier Milei loses crucial legislative elections later this month.
“If he loses, we are not going to be generous with Argentina,” the US president said as Milei visited the White House to seek the Republican’s political and economic support. “I’m with this man because his philosophy is correct. And he may win and he may not win – I think he’s going to win. And if he wins we are staying with him, and if he doesn’t win we are gone.”
Trump’s administration has already promised $20bn to prop up Argentina’s struggling economy but his backing has failed to calm the markets – or help Milei’s polling before midterms on 26 October.
The results of the elections, in which Milei’s minority party is hoping to boost its seat tally, will dictate whether he can pass tough cost-cutting reforms or will face a legislative brick wall for the next two years of his term.
Hailing Milei as a “great leader”, Trump said he would “fully endorse” his ideological ally in the elections.
