Argentina’s libertarian President Javier Milei won a decisive victory in the country's midterm elections on Sunday, securing a vote of confidence in his free-market reforms and austerity measures, along with $20 billion in funding promised by his key ally, President Donald Trump.

Trump sent Milei congratulations on his "landslide victory" in a social media post.

Why It Matters

The outcome of the legislative election means the continuation of Milei’s austerity measures: slashing energy and transport subsidies, laying off tens of thousands of government workers, freezing public infrastructure projects, and imposing wage and pension freezes below inflation.

Trump directly tied t he future of U.S. financial support to Milei’s success in the polls, warning: “If he doesn’t win, we’re gon

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