U.S. President Donald Trump on his visit to the White House on October 14, Argentine President Milley said that if Milley failed to win the election, the United States would stop providing financial support to Argentina.

¡°If he doesn¡¯t win, we will withdraw.¡±

The U.S. Treasury Department announced on the 9th that it would directly purchase the Argentine peso and finalize a US$20 billion currency swap framework agreement with the Central Bank of Argentina. Several media analysts pointed out that this "move" by the United States will, to a certain extent, help the ruling coalition "Freedom Progressive Party" led by Millay win the mid-term congressional elections held on the 26th of this month.

"The election is coming... I think victory is very important... We agree that (support for Afghanistan) depends to some extent on who wins the election." Trump said during a meeting with Millay,"If he wins, we will continue to support him; if he doesn't win, we will withdraw."

U.S. Treasury Secretary Bessent, who attended the meeting, also said he believes the ruling coalition will perform well in the midterm elections to Congress, and that the U.S. side will ¡°re-think¡± aid if the policy of the Albanian side ¡°turns to the left¡± after the election.

Argentina's mid-term parliamentary election will re-elect half of the seats in the House of Representatives and one-third of the seats in the Senate. Argentina's ruling coalition lost the local council election on September 7th, which was regarded as the vane of the mid-term elections, triggering turmoil in the financial market of Argentina, and the Milei government may be forced to significantly lower the exchange rate of the local currency peso. Bescent said on the 22nd of the same month that the United States is ready to provide financial support to Argentina with "large-scale and powerful actions".

According to the Financial Times, the White House did not respond explicitly to what the ¡°elections¡± Trump referred to were in Argentina.Miley¡¯s spokesman said Trump was referring to the upcoming Argentine presidential election in 2027.According to the Associated Press, Trump believes the $20 billion currency exchange deal is just to ¡°help our neighbors,¡± ¡°help a great philosophy take over a great country,¡± and not about the mid-term elections in the parliament.

According to another person familiar with the matter who asked for anonymity, the agenda of the meeting between Trump and Milei also included the large-scale artificial intelligence infrastructure project "Stargate" promoted by the former. Argentina is expected to become the first Latin American country to land the "Stargate" project. The project was jointly founded by the Open Artificial Intelligence Research Center (OpenAI) of the United States, Oracle Bone Inscriptions Corporation of the United States and Softbank Group of Japan. It plans to invest hundreds of billions of dollars to build a big data center network.

"You know how to do it."

According to a previous statement by the US "Wall Street Journal", after Milei took office in December 2023, he won praise from Trump and other American conservatives for criticizing the left and cutting spending on a large scale.

The recent decline in support for the ruling coalition led by Millay is mainly due to stagnant Argentina's economy and wage growth, and the bribery scandal involving Millay's sister and others. According to DPA, the Millay government is focusing on attracting large-scale private investment in order to boost the economy. Before leaving for the United States, he said that Argentina might see a "flood in" of dollars.

According to the British "Financial Times", since the U.S. Treasury Department intervened on the 9th, the peso exchange rate has risen by 5 percentage points, close to the level before the financial market turmoil in September. U.S. assistance has alleviated the financial market crisis in Afghanistan.

But this ¡°assistance¡± policy sparked a rebound in the United States and the United States.Against Trump¡¯s remarks when he met Miles, former Argentine president Cristina, who adhered to leftist ¡°Pyronism,¡± wrote on social media: ¡°Trump told Miles that ¡®the agreement between us depends on who wins the (Argentina) election.¡¯Argentines...you know what to do!¡±Leftist MP candidate Jorge Tañana said on social media that Trump is ¡°extortionist¡± in Argentina, and voters should not listen to ¡°the president of the United States asks us to vote for whom.¡±

In the United States, Democrats such as Senator Elizabeth Warren would associate aid to the Argentine government with the current U.S. federal government¡¯s ¡°stop-down¡± impasse, arguing that this is an example of Trump¡¯s rewarding his ¡°loyal powder¡± at the expense of the interests of the American people.