Apple News Today Why Trump is bailing out Argentina for $20 billion
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Oct 15, 2025 President Trump is discussing a $20 billion bailout for Argentina, intertwined with political stakes and rising protests against President Milei. New tariffs on timber and furniture have industry experts fearing increased costs for consumers. A Powerball winner plans to rebuild in the fire-ravaged Altadena, although community gentrification concerns loom. Meanwhile, tensions are escalating post-ceasefire in Israel-Hamas conflicts, and U.S. forces are taking action against alleged narco-terrorism off Venezuela's coast.
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Bailout Linked To Political Certainty
- The US-backed $20 billion package to Argentina aims to stabilize the peso and calm investors ahead of elections.
- Tying aid to a political outcome raises questions about the real certainty behind the deal.
Cuts Reduced Inflation But Hurt Popularity
- Javier Milei cut public spending, fired thousands of public workers, and reduced subsidies to curb inflation.
- Those measures lowered monthly inflation but eroded his domestic popularity amid rising living costs.
Tariffs Likely Raise Consumer Prices
- New tariffs of 10–25% hit lumber, cabinets, vanities and upholstered furniture starting this week.
- Economists warn consumers will bear most of the tariff costs, raising furniture prices further.