Milei Caught in Trump-China Spat Over $18 Billion FX Swap Line

Javier Milei is suddenly caught between US President Donald Trump and China’s communist government as the Argentine leader nears the finish line on a new rescue package from the International Monetary Fund.

Beyond an escalating trade war keeping markets on edge, China hit back Tuesday against a top Trump official who criticized its $18 billion currency swap line with Argentina. Mauricio Claver-Carone, the administration’s special envoy to Latin America, called the financial lifeline extortionary and said he wanted it to end.