Steve Cortes, Founder of the League of American Workers, said that U.S. backing for Argentina offers a low-risk method to support an ally and enhance security in the Western Hemisphere without resorting to foreign aid giveaways. The statement was made on X.
“Great stuff,” said Cortes. “With very minimal risk and no “foreign aid giveaways,” the United States backstops a key ally. Securing OUR hemisphere is America First. Make Argentina Great Again.”
U.S.–Argentina financial cooperation intensified in late 2025 when Washington agreed to a $20 billion peso-swap arrangement. This initiative aimed to stabilize Argentina’s currency and counteract growing Chinese influence in the region. According to the Atlantic Council, U.S. officials presented this move as part of an America First foreign-policy strategy designed to strengthen key hemispheric partners while limiting Beijing’s economic reach in Latin America.
Argentina’s central bank confirmed a $20 billion U.S. swap line that allows it to exchange pesos for dollars, thereby shoring up depleted reserves and calming markets. As reported by Reuters, the agreement also enabled U.S. authorities to directly purchase pesos on the open market during election-season volatility, marking one of the most extensive U.S. financial interventions in Argentina since the 1990s.
U.S. economic engagement in Latin America has increased relative to other regions. According to the Council on Foreign Relations, U.S. GDP-weighted foreign-direct-investment flows into Latin America rose approximately 45% between 2015 and 2020, compared with only 12% growth into Asia, highlighting how the region has become a priority target for strategic investment and financial diplomacy.
Cortes is also President of League of American Workers and senior political advisor to CatholicVote. He is a former senior advisor to President Trump and JD Vance, as well as a commentator for Fox News and CNN. Cortes regularly releases documentaries and columns at cortesinvestigates.com.
