US President Donald Trump has put some of his “America First” capital online by greenlighting a multi-billion-dollar rescue package for Argentina – or more specifically, President Javier Milei.

US Treasury Secretary Scott Bessent confirmed Thursday that Washington had bought Argentine pesos and finalised a US$20-billion economic support programme to help prop up the nation's faltering finances and calm turbulent currency markets.

Milei, a close ally of Trump, swiftly thanked the US leader for his "vision and powerful leadership.”

"Together, as close allies, we will build a hemisphere of economic freedom and prosperity," the La Libertad Avanza leader said, welcoming Bessent’s announcement.

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