Donald Trump’s Forty-Billion-Dollar Exception to “America First”
According to recent reports, the “$40-Billion Exception to ‘America First'” refers to the Trump administration’s effort in October 2025 to secure $40 billion in financial assistance for Argentina
This was done to prop up the struggling economy of Javier Milei, a right-wing leader and ally of Donald Trump.
This move has drawn criticism from both Democratic and some Republican politicians, who argue it is a betrayal of the “America First” principle, especially at a time when there are domestic economic concerns, including a partial government shutdown.
Details of the Argentina aid
- The aid package was reportedly coordinated by Treasury Secretary Scott Bessent.
- It is composed of a $20 billion currency swap line with Argentina’s central bank, plus an additional $20 billion in funding sought from private sources.
- The rescue plan was announced just before Argentina’s midterm elections.
- Trump’s public support for Milei and the aid was seemingly made conditional on Milei winning the election.
Political backlash and criticism
- Contradiction with “America First”: Critics say the bailout for a foreign country conflicts with the “America First” platform that prioritizes American interests.
- Domestic spending cuts: Some point out the hypocrisy of funding foreign bailouts while cutting domestic programs. Senator Bernie Sanders noted that the $40 billion for Argentina could have funded healthcare programs or other domestic needs. Representative Marjorie Taylor Greene also criticized the move, noting that Americans are facing high costs of living.
- Hypocritical timing: The announcement came while the U.S. government was in a partial shutdown over budget disputes, including cuts to healthcare subsidies and Medicaid.
- Concerns from farmers: Some American soybean farmers expressed frustration, as Argentina’s economic issues and its ties with China have negatively affected the U.S. soybean market.
Trump’s defense
- In response to a reporter’s question, Trump defended the aid, stating that Argentina was “fighting for its life” and that the assistance was to help the country survive in a “free world”. He framed the aid as being in the U.S. interest, with Lindsey Graham suggesting “America First” is about strategic alliances rather than isolationism
