Argentina's central bank (BCRA) has inked a $20B currency stabilization agreement with the U.S. Treasury Department, and while the deal buys time, weak demand and fiscal pressures continue to weigh on the outlook,

With just a few days before a crucial midterm election in Argentina, skepticism is growing that Scott Bessent can pull off the second half of his $40 billion rescue package.

Critics of President Donald Trump have zeroed in on a hefty financial aid package for Argentina that comes as Argentinian soybean farmers have taken market share from U.S. producers.

The president recently announced a $20 billion bailout to help Argentina and its libertarian president, Javier Milei, an early Trump ally.

U.S. support for Argentina hinges on the ruling party of President Javier Milei succeeding in this month's midterm legislative elections, President Donald Trump said on Tuesday, saying "we're not going to waste our time" if Milei's party doesn't win.

The president somehow believes that tariffs can deliver wins for both producers and consumers. It is maddening and nonsensical.