Donald Trump’s $20 billion bailout of Argentina will extend a failing model of dollar dependency and austerity. By shoring up Javier Milei’s government, it basically guarantees another default.

During the recent US government shutdown, President Donald Trump announced a $20 billion bailout for Argentina. The arrangement appears to serve as a personal favor to Argentine president Javier Milei and may represent an effort to internationalize the MAGA movement rather than a conventional economic agreement.

Far from stabilizing Argentina’s fragile economy, the bailout risks deepening the country’s dependence on foreign capital and increasing the likelihood of yet another sovereign default in the coming years.

Argentina’s crisis, marked by inflation, capital flight, and recurring debt traps,

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