President Trump is bailing out Argentina with a $20 billion currency swap bailout to stabilize Argentina's economy, which is facing acute illiquidity and a financial crisis. This bailout is politically motivated, tied to Trump’s ally, Argentina's libertarian President Javier Milei, and contingent on Milei's success in the upcoming October 26 legislative elections. The U.S. Treasury is intervening not only to stabilize the Argentine peso and economy but also to support Milei's pro-capitalist, pro-Trump agenda in Latin America. Critics argue the bailout is more about political strategy than urgent economic need or U.S. interests and have raised concerns about the use of U.S. taxpayer money amid other domestic challenges like a government shutdown. Trump has explicitly linked the aid to whether Milei remains in power, stating if Milei loses, the U.S. support will be withdrawn. The move marks a significant and unusual financial commitment by the U.S., aiming to prevent Argentina’s potential economic collapse and counterbalance growing Chinese influence in the region.