President Donald Trump controversially linked a $20 billion USD lifeline to Argentina to the electoral success of its libertarian leader Javier Milei, warning the US would withhold support if Milei's party loses in the upcoming October 26 midterm elections.

• The $20bn USD (£15bn) currency swap is intended to calm Argentina's financial turmoil ahead of the national midterm elections.
• Donald Trump explicitly stated the US would not "waste our time" helping Argentina if President Javier Milei's party did not prevail.
• The intervention has not reassured markets, with Argentine stocks falling after the news conference, signaling skepticism that Trump's endorsement will boost Milei's electoral chances amidst public tiring of his austerity measures.