‘A colony of the US’: Argentinians contemplate future after Trump-backed Milei coasts to victory

The Guardian - World NewsCenter-LeftEN 4 min read 100% complete by Tiago Rogero in Buenos AiresOctober 29, 2025 at 11:51 AM

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In Argentina's recent midterm elections, Javier Milei, backed by US President Donald Trump and his $40 billion bailout offer, won with about 41% of the vote despite economic challenges under Milei’s presidency. His party, La Libertad Avanza, now holds a majority in Congress when combined with center-right PRO. Critics argue that the victory may be due to Trump's economic leverage rather than genuine support for Milei. Milei implemented deep spending cuts and reduced inflation from over 200% annually to about 30%, but this came at the cost of depleting dollar reserves, leading to IMF loans and job losses.

Key Topics & Entities

Mauricio Macri 40% Agustin Cantilo ×250% PRO (party) ×250% La Libertad Avanza ×360% Argentina ×370% US ×480% Donald Trump ×590% Javier Milei ×7100%

Keywords

javier milei 90% donald trump 80% us bailout 80% argentinian election 80% stability 70% economic downturn 70% economic policy 70% inflation reduction 60% anti-american sentiment 60% political support 50%