meta_pixel
Tapesearch Logo
Log in
The Journal.

Why Is the U.S. Giving Billions to Argentina?

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 24 October 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

Argentinians go to the polls this Sunday in the first major test of their leader, Javier Milei. Voters appear to be losing faith in his bold economic vision to resuscitate the country’s ailing economy. But Milei has a secret weapon: a close relationship with President Trump. WSJ’s Ryan Dubé explains why the U.S. government is bailing out Argentina. Jessica Mendoza hosts. Further Listening: -Argentina’s New President Takes A Chainsaw to the Country’s Government -The Bean at the Center of the Trade War Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

President Trump and Argentina's president, Javier Millet, have a close relationship.

0:10.2

If you see the photos of Javier Malay when he meets Trump, he just seems so happy.

0:15.9

He's just kind of in his zone when he's in that environment.

0:20.0

Here they are together at a political conference for conservatives in 2024.

0:23.6

Make Argentina great again.

0:26.6

Yeah, so Malay has always been, you know, a top fan of President Trump.

0:33.6

He described his, President Trump's loss in 2020 as, you know, a threat to

0:40.3

Western civilization. Those were the words he used.

0:43.3

That's our colleague Ryan DuBay. He covers Latin America.

0:47.3

Both of them are kind of political outsiders. Both of them were also very critical of kind of leftist, woke political programs.

0:58.3

And Malay wanted to really align Argentina and his government with the U.S. and with the Trump administration.

1:09.5

This Sunday, President Malay will face his first real electoral test since he took office in

1:14.6

2003. That election will indicate how voters feel about Malay's radical overhaul of Argentina's troubled

1:21.1

economy. What does Miele's position look like right now?

1:25.6

So it's been deteriorating, actually. It hasn't been very good. A few months ago, I think

1:29.5

things were looking really up for him and stuff. He was bringing down inflation. Poverty

1:33.8

had begun to decline, but starting to show some cracks, I think, in his program. Really,

1:40.0

the economy hasn't recovered like they were hoping it would.

1:43.5

Now, Malae is hoping his relationship with Trump

1:46.0

will give his economic vision a much-needed boost.

1:49.5

And last week, Trump said that he would give Argentina a bailout

1:52.6

to the tune of $20 billion if Malay's party does well in Sunday's election.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.