Trump comes to Milei's rescue at the most critical moment of his administration.

Buenos AiresOn his twelfth trip to the United States since becoming president of Argentina, Javier Milei held a bilateral meeting with Donald Trump in New York, within the framework of the United Nations General Assembly. Aside from the summit, Milei urgently needed to address the rescue of the serious economic and financial crisis that Argentina is going throughAfter the electoral setback in the province of Buenos Aires, a legislative setback in Congress and an intervention in extremis of the Central Bank to maintain a fictitious price of the dollar – added to the backdrop of the corruption case that involves the core of the government's power – the macroeconomic values that, until now, had supported the ultra-liberal's management (and, in some way, justified the chainsaw plan), have been falling in a way

Until Monday, US Treasury Secretary Scott Bessent issued a tweet, just minutes before the markets opened, announcing that the Trump administration is willing to do "whatever it takes" to boost the Argentine economy and that, to that end, "all stabilization options are on the table," since, he emphasized, the . The markets – a widespread subject that governs Argentina de facto– calmed down quickly, and Milei gained some time before her meeting with Donald Trump on Tuesday.

Minutes before the meeting, Trump posted on his Truth Social network, in which he called Milei a "fantastic and powerful leader" who "restored stability to the Argentine economy" after the "disaster inherited" from the previous president, Alberto Fernández, a "far-leftist" whom he compared to the left.

During the meeting itself—which lasted fifteen minutes—Trump congratulated Milei for her management, but said he doesn't believe Argentina needs a financial bailout. These statements initially generated some confusion, as there was anticipation of concrete announcements, which could still come, following Milei's meeting with the director of the International Monetary Fund, an organization with which the Argentine government already has a debt of approximately $75 billion through 2045.

Furthermore, Trump expressed his "full support" for the president and called for his "reelection" so he can "complete the job." Although the next presidential elections in Argentina are not scheduled until 2027, it is understood that Trump was referring to the midterm legislative elections that will take place this October. Finally, in the photo of the two presidents shaking hands, Milei showed the document Trump had handed over: it was her own tweet, published a short while earlier, printed on paper.

Minutes after the bilateral meeting, the World Bank announced that it is "accelerating" its support for Argentina: it intends to disburse early $4 billion of the $12 billion it announced last April, focused on unlocking key sectors such as mining, energy access, and financing.

Some in Argentina have dubbed this announcement "the Bessent effect," due to the impact the U.S. Treasury Secretary's remarks have had on the economy since Monday. "Trump is openly supporting the government's campaign," said economist Hernán Letcher in an interview with ARA, "and Milei is buying time to get to October with more oxygen, without resolving the underlying issue."

Argentina is now entering a new election campaign: October 26th is a key date for Milei's governability. After almost two years in office, she remains in the minority in the Chamber of Deputies and the Senate, which leads her to often govern by decree, an option that does not seem sustainable for the second half of her term.

The government's strategy, and the underlying message for this campaign, is "don't let up now" and "make every effort worthwhile": two slogans that both Milei and members of her cabinet have been spreading in recent days, both on social media and in the media and at campaign rallies, while the social majority in Argentina has been substantially involved in their daily lives.