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Today in Focus

Why is Trump giving billions to Argentina?

Today in Focus

The Guardian

Daily News, News

4.65.7K Ratings

🗓️ 24 October 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

Donald Trump is offering a $20bn currency swap to bail out Argentina’s president, Javier Milei. Harriet Barber reports. Help support our independent journalism at theguardian.com/infocus

Transcript

Click on a timestamp to play from that location

0:00.0

This is The Guardian.

0:08.8

Today, Argentina's big, beautiful bailout. Earlier this month,

0:27.1

Javier Malay, the president of Argentina, took to an arena in Buenos Aires in front of 15,000

0:33.7

adoring fans.

0:34.8

...cora adorned at risk, and I hope that adoring fans.

0:49.3

This time he wasn't wielding his trademark chainsaw, but a microphone, as he belted out two hours of Argentine rock classics to the crowd.

0:56.4

Argentina's dog cloning, wild-haired libertarian leader

0:59.9

is no stranger to political theatrics.

1:02.8

But behind the bavado, his presidency is unraveling.

1:07.3

He's now facing calls for impeachment.

1:10.2

He promoted this little-known cryptocurrency on X. The price

1:14.3

soared and then it collapsed after his endorsement. In recent weeks, he's faced a currency crash,

1:20.8

corruption scandals and tanking approval ratings. A raft of economic reforms proposed by

1:26.0

Argentina's libertarian president has been

1:28.4

narrowly passed by the Senate. During the debate, there were violent protests outside by those

1:34.4

who say the measures will expose people to poverty and unemployment. All before crucial midterm

1:39.5

elections this weekend, elections which could dictate his political future.

1:45.1

The outlook was grim until...

1:48.0

It's an honor to have you here, and I just want to tell you that your career has been an

1:53.7

amazing one and it's going to continue with the election.

1:56.1

You're going to win the election.

1:57.2

We're going to endorse you.

...

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