Trumpism could dominate American politics long after Trump himself is gone—just as Perónism continues to dominate politics in Argentina.

Treasury Secretary Scott Bessent said Tuesday the U.S. signed its $20 billion “economic stabilization” agreement with Argentina to prop up the South American nation’s crumbling economy. “As we work to stabilize and secure the Western Hemisphere and Make America Safe Again,

President Trump’s plan to import red meat runs counter to his philosophy of increasing domestic production, and has angered cattle ranchers in the United States.

Trump has now agreed to step in with a long-mooted US$20-billion plan. US Treasury Scott Bessent has also pledged another $20 billion in public and private funds to help Argentina weather market turmoil, conditional on a strong electoral showing by Milei.

Argentina and the United States signed off on a $20 billion financial lifeline Monday, hoping to avert economic meltdown and boost President Javier Milei ahead of tough legislative elections.

Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.

Beef production is slowing down in the United States, contributing to higher prices. Trump hopes Argentine imports can change that.