Trump pre-launches $40 billion aid to Argentine President Milei, Elizabeth Warren criticizes for going against America First.

In a recent interview with Forbes, U.S. Democratic Senator Elizabeth Warren sharply criticized the fiscal and foreign policies of the Trump administration. She pointed out that American citizens are facing the pressure of rising healthcare and living costs, yet the White House chooses to send large sums of money overseas to support Argentine right-wing President Javier Milei, who aligns with Trump’s personal views. Warren questioned the priorities and funding recipients of the Trump administration, asking why, when domestic livelihood issues in the U.S. remain unresolved, large amounts of money are being exported abroad. While facing questions from Democrats, Trump is preparing to discuss loans to Argentina with several large American banks. His plan to assist Argentina not only encounters backlash from Democrats but also criticism from fellow Republican Senator Chuck Grassley on social media. The following is a comprehensive summary of the translated report.

The U.S. government announced a 40 billion dollar aid plan for Argentina.

According to a report by Reuters, the U.S. Treasury is in discussions with several major banks, including JPMorgan, Bank of America, Goldman Sachs, and Citigroup, to provide a $20 billion loan to Argentina as part of an economic assistance program led by Trump. At the same time, the U.S. Treasury is also initiating a $20 billion currency swap (Currency Swap ) to assist Argentina with the peso exchange rate and foreign reserves. U.S. Treasury Secretary Scott Bessent stated that the White House is establishing a total financial defense line of $40 billion to maintain Argentina's market reforms and dollar liquidity.

Trump denies that aid to Argentina contradicts U.S. priority policies.

According to a report by the Washington Post, Trump is preparing to offer Argentina $20 billion to assist President Milei, who shares his political stance, amid a political crisis. Trump told reporters on Tuesday during a lunch at the White House with Milei that this move is actually aimed at helping a good “financial philosophy.” This bailout plan has faced criticism from Republican Senator Chuck Grassley of Iowa, who pointed out that Argentina competes with American soybean growers in global exports. In a social media post on September 25, Grassley stated that the government should support American farmers, and when Trump mentioned this competition, he shifted the focus to blame China for attempting to stir up relations between the U.S. and Argentina by purchasing Argentine soybeans instead of American soybeans.

Treasury Secretary Bencet also emphasized the political aspect of the relief plan, criticizing American leftist politicians for ignoring the center-right governments in South America during the Obama administration. Bencet mentioned Milei, stating that Argentina's midterm elections are approaching, and the United States believes he will achieve good results and then continue to advance his reform agenda.

Milei thanked Trump for understanding the threat posed by socialism in Latin America during their meeting, blaming Argentina's economic situation on attacks from the opposition. Milei has been full of praise for Trump and has also emulated his MAGA ( Make America Great Again ) slogan, replacing the first A in MAGA with Argentina (.

This article Trump pre-launches 40 billion USD aid to Argentine President Milei, Elizabeth Warren criticizes for going against America First first appeared in Chain News ABMedia.