US Treasury's Bessent: Argentina's Milei Will End China's Influence and Fix Economy

Scott Bessent of the United States Treasury asserts that Argentinas President Javier Milei will expel Chinas influence and stabilize the economy, challenging perceptions of financial aid as a rescue.

• Scott Bessent emphasized that the financial agreement with Argentina is not a rescue but part of efforts to strengthen the nations economy under President Javier Milei.
• Bessent asserted that Argentinas currency, the peso, is undervalued, hinting at potential for recovery and growth in the context of economic reforms.
• The United States aims to support Argentina in reducing Chinas economic influence, aligning with Mileis vision for a more Western-oriented economic policy.