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Trump is bailing out Argentina. What happened to ‘America first’?

EPISODE · Oct 14, 2025 · 27 MIN

Trump is bailing out Argentina. What happened to ‘America first’?

from The Global Story · host BBC World Service

President Trump’s administration may have frozen foreign aid but this week it’s giving Argentina a $20 billion lifeline. It's a move his critics are suggesting is more about politics than sound economics. Argentina’s president, the chainsaw-wielding Javier Milei, is a friend and close ally of Trump’s. On on Tuesday, Milei will visit the White House to discuss the details of this new rescue plan. We ask the BBC’s South America correspondent, Ione Wells, whether Trump is ditching ‘America First’ economics to bail out Argentina, or whether this is a financial gamble that could pay off. Further reading: "How Milei's 'Thatcherite' economics divided his nation - but won over Trump" https://www.bbc.co.uk/news/articles/c9865l8540eo Producer: Viv Jones. Executive producer: James Shield. Mix: Neil Churchill. Senior news editor: China Collins. Photo:Reuters/Al Drago

What this episode covers

President Trump’s administration may have frozen foreign aid but this week it’s giving Argentina a $20 billion lifeline. It's a move his critics are suggesting is more about politics than sound economics. Argentina’s president, the chainsaw-wielding Javier Milei, is a friend and close ally of Trump’s. On on Tuesday, Milei will visit the White House to discuss the details of this new rescue plan. We ask the BBC’s South America correspondent, Ione Wells, whether Trump is ditching ‘America First’ economics to bail out Argentina, or whether this is a financial gamble that could pay off. Further reading: "How Milei's 'Thatcherite' economics divided his nation - but won over Trump" https://www.bbc.co.uk/news/articles/c9865l8540eo Producer: Viv Jones. Executive producer: James Shield. Mix: Neil Churchill. Senior news editor: China Collins. Photo:Reuters/Al Drago

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Trump is bailing out Argentina. What happened to ‘America first’?

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This episode was published on October 14, 2025.

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President Trump’s administration may have frozen foreign aid but this week it’s giving Argentina a $20 billion lifeline. It's a move his critics are suggesting is more about politics than sound economics. Argentina’s president, the chainsaw-wielding...

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