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

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.

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.

China has a major presence in Argentina’s telecommunications and internet markets. Local telecom giant Telecom Argentina recently agreed to receive a $74 million loan from the Bank of China. Huawei, a Chinese technology company restricted from conducting much business in the U.S., also runs a 5G mobile network business in Argentina.