Argentine President Javier Milei achieved a sweeping political victory Sunday as his libertarian party, La Libertad Avanza, dominated the country’s midterm elections. With more than 90% of votes counted, the party secured 40.84% compared to the Peronists’ 31.7%, according to the Associated Press. The result doubles Milei’s representation in Congress, granting him veto authority and shielding him from impeachment attempts.
The outcome also triggers major U.S. economic support. President Donald Trump, who closely followed the election, previously pledged a $20 billion currency swap and an additional $20 billion in private-sector funding contingent on Milei’s success. “If he [Milei] wins, we’re staying with him. And if he doesn’t win, we’re gone,” Trump said during Milei’s October visit to the White House.
The funding package now moves forward alongside discussions of a potential trade agreement to import Argentine beef to the United States — a plan Trump says will help lower U.S. meat prices.
The midterm triumph marks a strong rebound for Milei’s party, which lost to the Peronists by 13 points in Buenos Aires province just one month earlier. His victory further consolidates libertarian influence in Argentina’s legislature and strengthens his alignment with Washington.
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