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 on Tuesday that the U.S. has signed its $20 billion “economic stabilization” agreement with Argentina to prop up the South American nation’s crumbling

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.

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.

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.

Experts believe increasing U.S. exports to lower American beef prices could cut into the country's own supply.

Argentines vote on Sunday in legislative elections that will test support for President Javier Milei's free-market reforms and deep austerity measures and determine whether he has the backing to continue his economic overhaul.