Trump Action Archive

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

• Federal Trade Commission settles with Amazon over dark-pattern enrollment practices — The Federal Trade Commission announced a $2.5 billion settlement with Amazon to resolve allegations that the company used deceptive user interfaces to enroll millions of consumers in Prime subscriptions without their consent and made cancellation deliberately difficult. FTC documents obtained in trial preparation showed Amazon executives and employees knowingly discussed these unlawful practices. As part of the settlement, Amazon must end specific dark-pattern tactics, including requiring consumers to click "No, I don't want free shipping" to opt out of Prime enrollment. The settlement allocates $1.5 billion in refunds to affected consumers.

Supporting reports

• New York Times reported on law firm deals with Trump — The New York Times reported that two law firms that made deals with Trump to prevent enforcement of executive orders targeting them were connected with the Commerce Department by Trump's personal lawyer Boris Epshteyn about assisting on trade deals as part of their pro bono work for the president's administration.
• Law firms reach agreements with Trump to quash executive orders — The New York Times reported that at least two prominent law firms that reached agreements with Trump to quash executive orders that targeted them have committed to doing pro bono legal work for the Commerce Department, including on trade deals.

Supporting reports

• Nvidia and AMD reached chip export agreement with Trump administration — The Wall Street Journal reported that Nvidia and Advanced Micro Devices agreed with the Trump administration to give the US government 15% of revenues from chip sales in China in exchange for export licenses. Legal experts note the arrangement may violate the Constitution's export clause prohibiting taxes or duties on articles exported from any state.