Liberal Senators Blast Trump Over $20 Billion Deal With Argentina
Democrats are once again taking aim at President Donald Trump, this time over his administration’s move to stabilize Argentina’s collapsing economy.
Sen. Elizabeth Warren (D-Mass.) and her allies are attacking Treasury Secretary Scott Bessent after the Trump administration approved a $20 billion currency swap with Argentina’s central bank—part of a strategy to strengthen global markets and protect U.S. economic interests.
Instead of supporting the President’s “America First” economic plan, Democrats claim the administration is “prioritizing foreign governments over American farmers.”
Democrats Attack While Trump Protects U.S. Farmers
Warren and Sen. Amy Klobuchar (D-Minn.) led a coalition of liberal lawmakers who sent a letter accusing the administration of “turning its back” on rural America.
“It’s unacceptable to bail out foreign governments while American farmers face rising costs and storage shortages,” they wrote.
But the facts tell a different story. The Trump administration is already weighing a plan to deliver direct financial relief to U.S. farmers—potentially using the tariff revenues collected from imports to support them.
This is similar to Trump’s first term, when his team delivered billions in relief payments to farmers hurt by China’s retaliatory tariffs.
Treasury Defends Move to Protect U.S. Markets
Treasury Secretary Scott Bessent has defended the deal, explaining that the United States must act to “maintain global financial stability”—a step that ultimately protects American jobs, exports, and retirement savings.
He said the Treasury may extend an additional $20 billion in financing using sovereign and private funds if needed, noting that “exceptional measures” are sometimes necessary to secure the U.S. economy.
Warren responded by introducing the so-called “No Argentina Bailout Act,” a bill meant to block Trump’s Treasury from using the Exchange Stabilization Fund (ESF) for Argentina. But analysts note the Treasury has broad authority to manage that fund, meaning Democrats are unlikely to stop the plan.
Bessent Fires Back: “Peronist Views on Big Government”
In a pointed letter, Bessent accused Warren of embracing “Peronist views”—a reference to Argentina’s socialist former leader Juan Perón, who favored heavy government control of the economy.
“Given your Peronist views on big government and freedom, it’s no surprise this makes you uncomfortable,” Bessent wrote.
Bessent emphasized that the administration’s approach isn’t about bailing out socialism—it’s about protecting American markets, keeping U.S. leadership strong, and preventing global instability from hurting American retirees, investors, and farmers.
Trump’s Growing Alliance With Argentina’s Conservative Leader
President Trump’s strong relationship with Argentine President Javier Milei has become a symbol of a new conservative alliance in the Western Hemisphere. Milei, a free-market reformer, was the first foreign leader to visit Trump following the 2024 election.
Both leaders share a commitment to economic freedom, national sovereignty, and common-sense capitalism—a sharp contrast to the left-wing policies pushed by Washington Democrats.
Bottom Line: Trump Stands With America, Democrats Attack
While liberal senators focus on foreign complaints, President Trump continues to prioritize American workers, farmers, and families.
As one White House official put it, the administration’s strategy is clear:
“When America leads, the world stabilizes—and our people prosper.”
The latest Democrat revolt may grab headlines, but it’s clear that President Trump’s policies continue to deliver strong leadership, economic protection, and America-first results.
