Trump Action Archive

Supporting reports

• Treasury Secretary Bessent announces potential removal of sanctions on Iranian oil stranded in tankers — Treasury Secretary Scott Bessent announced on March 19 that the Trump administration may remove sanctions on approximately 140 million barrels of Iranian oil stranded on tankers at sea within days. The stated rationale is to increase global oil supply and reduce prices amid Iran's closure of the Strait of Hormuz. A potential waiver mechanism similar to one used for Russian oil would allow sales of the stranded crude within a narrow timeframe. The administration also announced unilateral releases from the Strategic Petroleum Reserve.

Supporting reports

• Treasury Secretary Bessent announced U.S. support for Argentina's economy — Treasury Secretary Scott Bessent announced on social media on September 22, 2025, fifteen minutes before Argentina's foreign-exchange markets opened, that the U.S. will consider "all options" for stabilizing Argentina's economy. Bessent stated that "Argentina is a systemically important U.S. ally." Argentina's right-wing president Javier Milei, a Trump ally, faces declining voter support ahead of elections next month due to austerity measures, inflation, and currency weakness.
• Argentina stock market surged following US Treasury announcement — Following the Trump administration's announcement of support for Argentina, Argentina's stock market surged 8% after having collapsed 10% in the previous 24 hours. The Kobeissi Letter reported that the timing of the US Treasury's "lifeline" announcement coincided with the market recovery, occurring one month before Argentina's midterm elections.
• Treasury Secretary announced support for Argentina bailout — Treasury Secretary Scott Bessent announced that the US Treasury stands ready to support Argentina with stabilization measures, stating that "all options are on the table" including swap lines, direct currency purchases, and purchases of US dollar-denominated government debt from the Exchange Stabilization Fund. Bessent praised President Javier Milei's fiscal discipline and pro-growth reforms.
• Treasury Department considered using Exchange Stabilization Fund to bail out Argentina. — The Wall Street Journal reported that the Trump administration was considering using the Treasury's Exchange Stabilization Fund to provide financial assistance to Argentina. The fund, created in the 1930s, can be used to supply loans to foreign countries facing dire financial difficulties, with the Treasury secretary having full control over its use. Brad Setser of the Council on Foreign Relations called such unilateral action "incredibly unusual," noting the U.S. typically coordinates such assistance with other countries and the IMF.
• Treasury Secretary Bessent offered financial support to Argentina without conditions. — Treasury Secretary Scott Bessent offered financial support to Argentina without conditions such as requiring the country to address its over-valued peso problem. Mark Sobel, a former U.S. Treasury and IMF official, criticized this approach as potentially "a way of just financing capital flight for little purpose," noting that investors have 100+ years of experience with Argentine over-borrowing, hyperinflation, and defaults.
• CPAC promoted Bessent's Argentina rescue package on social media — After Treasury Secretary Bessent announced the $20 billion rescue package for Argentina on September 24, CPAC promoted the deal on its social media accounts. This occurred despite CPAC's promotion of an "America First" agenda and despite the fact that CPAC's affiliated lobbying firm, Tactic Global, was simultaneously representing Argentina as a foreign agent and had organized CPAC Argentina featuring President Milei.
• Treasury announces $20 billion currency swap with Argentina; potential expansion to $40 billion — On September 24, Treasury Secretary Scott Bessent announced a $20 billion currency swap with Argentina, exchanging U.S. taxpayer dollars for Argentine pesos to support President Javier Milei's peso stabilization efforts. The bailout may expand to $40 billion as Bessent organizes an additional $20 billion facility financed by banks and private equity, with those banks demanding U.S. government guarantees to backstop potential losses. President Trump acknowledged the bailout provides little benefit to Americans but benefits hedge fund billionaire Robert Citrone, a personal friend and former colleague of Bessent with heavy Argentine asset investments.
• Treasury Secretary Bessent announced $20 billion bailout package for Argentina, reportedly at hedge fund billionaire's request — On September 24, Treasury Secretary Scott Bessent announced a $20 billion U.S. Treasury package to rescue Argentina's economy. Argentine media outlets report that hedge fund billionaire Rob Citrone, a personal friend and former colleague of Bessent, requested the bailout after his fund Discovery Capital suffered losses from Argentine investments. Citrone had previously urged Bessent to help secure a separate $20 billion IMF package in spring 2025. Argentine media also reports Citrone purchased additional Argentine bonds two weeks before the bailout announcement, raising suspicions he had access to confidential information.
• Treasury Secretary Bessent announces $20 billion rescue package for Argentina — Treasury Secretary Scott Bessent announced a $20 billion taxpayer-funded economic rescue package for Argentina, involving currency stabilization through dollar-peso exchanges. The package was designed to shore up Argentina's foreign currency reserves and stabilize the peso amid economic crisis under President Javier Milei. Bessent's announcement followed months of advocacy by hedge fund manager Rob Citrone, a personal and professional associate of Bessent, who holds substantial Argentine investments and stands to benefit significantly from the currency stabilization.
• U.S. prepares financial aid for Argentina — The U.S. government is preparing a $20 billion financial aid package for Argentina's right-wing leader Javier Milei, despite recent actions that undermine U.S. agricultural interests. This aid is being directed without following the usual congressional appropriations process.
• U.S. preparing $20 billion rescue package for Argentina — The Trump administration is preparing a $20 billion rescue package to bail out Argentina's right-wing leader Javier Milei, a Trump ally, before October elections. This financial support is being offered despite Argentina recently suspending its grain export tax, which undercut U.S. soybean farmers who lost their Chinese market due to Trump's tariff war. Within hours of Argentina's action, China purchased Argentine soybeans.

Supporting reports

• Trump Organization announces Trump Tower Belgrade deal with Affinity Partners on Serbian military site — The Trump Organization announced a deal with Affinity Partners to build Trump Tower Belgrade on a former military site owned by the Serbian government. Affinity Partners is a private equity firm launched in 2021 by Trump's son-in-law Jared Kushner and funded by $2 billion from the Saudi government's Public Investment Fund and other foreign governments. The deal involves the Trump Organization licensing its brand to develop property on Serbian government-owned land.
• Trump Organization announces Trump Tower Bucharest deal with Romanian developer SDC Imobiliare — The Trump Organization announced a partnership with SDC Imobiliare, a Romanian luxury real estate developer, to build Trump Tower Bucharest in Romania's capital. The arrangement involves SDC Imobiliare paying licensing fees to the Trump Organization for use of the Trump brand. The project requires permits from Romanian government officials, creating potential leverage for Romania—which is seeking restoration of its Visa Waiver Program status revoked by the Trump administration in May and wants the U.S. to maintain military presence at Mihail Kogălniceanu Air Base. SDC Imobiliare's co-owner is under investigation in a corruption case involving a politician sentenced to eight years for bribery and money laundering.
• Trump Organization announces two new real estate projects in Saudi Arabia with Dar Global — The Trump Organization announced a partnership with luxury developer Dar Global to build two new real estate projects in Saudi Arabia. This follows the company's removal of restrictions on foreign deals in its January 2025 ethics statement, which previously prohibited new foreign deals during Trump's presidency. The Saudi projects are part of the Trump Organization's expanded global real estate portfolio announced during Trump's second term.

Supporting reports

• U.S. Approves $2 Billion Arms Sale to Qatar — In March 2025, the Trump administration approved a $2 billion arms sale to Qatar, which included advanced military equipment such as drones and munitions. This sale marks a significant policy shift in U.S. military support for Qatar, a country with controversial ties to various radical groups. The approval of this arms deal is linked to Qatar's status as a major purchaser of U.S. military equipment and its strategic importance in the region.
• US and Qatar Sign Defense and Aviation Deal — On May 14, 2025, the United States and Qatar signed a significant defense and aviation agreement during Donald Trump's visit to Doha. The deal includes Qatar's purchase of up to 210 Boeing jets valued at $96 billion and a statement of intent for more than $38 billion in future defense investments. This agreement is part of a broader economic package worth over $243 billion. The deal has sparked ethical concerns due to Qatar's offer to gift Trump a $400 million luxury aircraft, raising questions about potential violations of the emoluments clause of the U.S. Constitution.
• Trump promises $142 billion in defense equipment to Saudi Arabia — President Donald Trump promised Saudi crown prince Mohammed bin Salman $142 billion in state-of-the-art defense and security equipment from U.S. defense firms during a meeting in Saudi Arabia. This commitment follows a promise of $600 billion in Saudi investment in the U.S., including a $20 billion investment in AI and energy infrastructure. The meeting included prominent business leaders, including Elon Musk and other AI entrepreneurs.