In a significant move to stabilize Argentina’s volatile financial markets, the United States Treasury Department has finalized a $20 billion currency swap line with Argentina’s central bank. Treasury Secretary Scott Bessent announced the decision on social media, emphasizing the U.S. commitment to taking exceptional measures to ensure market stability. The agreement follows four days of intensive discussions between U.S. officials and Argentine Economy Minister Luis Caputo in Washington, D.C. Argentine President Javier Milei, a staunch admirer of former U.S. President Donald Trump, expressed gratitude for the support, calling the two nations the closest of allies in fostering economic freedom and prosperity across the hemisphere. However, the decision has sparked controversy in the U.S., with critics questioning its alignment with Trump’s ‘America First’ agenda. U.S. farmers and Democratic lawmakers have voiced opposition, arguing that the move resembles a bailout for Argentina, which has recently benefited from soybean exports to China at the expense of American producers. In response, a group of Democratic Senators introduced the ‘No Argentina Bailout Act,’ aiming to block the Treasury from using its Exchange Stabilization Fund to assist Argentina. Critics also highlight Argentina’s troubled economic history, noting its status as the International Monetary Fund’s largest debtor, owing $41.8 billion. Despite these concerns, the announcement provided a temporary boost to Argentina’s financial markets, with dollar-denominated bonds rising 10% and the Buenos Aires stock market surging 15%. While Economy Minister Caputo praised the U.S. for its steadfast commitment, many observers view the intervention as a political gesture rather than a strategic economic investment.