The Trump administration is negotiating a $20 billion financial bailout for Argentina amid a worsening economic crisis, largely due to austerity measures enacted by embattled far-right Argentinian president, and Trump ally, Javier Milei. Critics say the move contradicts Trump’s so-called America first policies by offering a lifeline to Milei ahead of Argentina’s midterm elections in October, which are critical to Milei retaining power.