Today in Focus Why is Trump giving billions to Argentina?
Oct 24, 2025
In this discussion, journalist Harriet Barber, who has firsthand experience in Argentina, sheds light on President Javier Milei's radical reforms and their impact on everyday Argentines. Economist Miguel Quigel explains the mechanics of Trump’s $20 billion currency swap, outlining its critical role in stabilizing Milei's government amid economic turmoil. The conversation delves into Milei's promises, public backlash due to austerity measures, and the political implications of U.S. intervention in a time of crisis.
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Milei's Theatrical Rise
- Javier Milei performed to 15,000 supporters and used rock theatrics to energise his base.
- Harriet Barber notes his chainsaw and stagecraft helped him brand himself as an outsider.
Crisis Fueled Populist Upsurge
- Milei rose by promising radical change amid decades of economic volatility and hyperinflation.
- Voter fatigue with repeated crises made his outsider, market-focused message appealing.
Chainsaw Symbolism At Rallies
- Milei campaigned waving a chainsaw and pledged to cut state spending while promising no tax rises.
- Harriet Barber recounts his passionate rallies with heavy rock and crowd surfing imagery.