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The U.S. is giving big financial help to Argentina, including buying their bonds, providing a credit line, and a $20 billion currency swap to stabilize their economy.
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Trump publicly supported Argentina’s president Milei and praised his economic plans.
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Argentina cut export taxes on farm products to boost sales and bring in dollars.
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The World Bank is speeding up $4 billion in funds to Argentina.
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Some Argentine politicians want Congress to approve the deal to ensure proper oversight.
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Markets reacted positively: the peso strengthened and Argentine stocks rose.
Then: China’s Soybean Buyers Turn to Argentina, Continue Shunning US