Milei To Meet Trump As Argentina Fights Market Selloff And Debt Crisis

Argentine President Javier Milei will meet Trump in New York on Tuesday as his government races to halt a market selloff and prevent a debt crisis, according to Bloomberg. Argentina has poured $1.1 billion into currency markets to stabilize the peso and meet $9.5 billion in payments due next year. Milei said Argentina is advancing strategies to meet next year’s debt payments but declined to confirm U.S. Treasury involvement, citing ongoing negotiations. Treasury Secretary Scott Bessent privately suggested in April that the U.S. might use its Exchange Stabilization Fund to aid Argentina, but no public comment has followed. Inflation has eased to 34% from 289% a year ago, but scandals and spending cuts have weakened Milei’s approval ratings. Argentina’s presidential office said Milei’s meeting with Trump will highlight strong bilateral ties and a shared commitment to deepen relations, while the White House declined to comment.