President Trump wrote on Truth Social that China was “purposefully not buying our Soybeans,” calling it an “Economically Hostile Act,” and that the U.S. was considering terminating cooking oil imports from China, as well as potentially other business, as retribution. The United States “can easily produce Cooking Oil ourselves,” he said.

By his own account, Trump is offering $20 billion to Argentina to help its politically aligned president, Javier Milei, who faces a possible financial crisis and a legislative election on Oct. 26.

Welcoming Argentina's libertarian leader Javier Milei to the White House, Trump warned that the US would not "waste our time" with helping Argentina if Milei's party did not prevail. Milei praised Trump for his peacemaking efforts and said the US president's policies would lead to "prosperity".

Democratic Congressman Ro Khanna slams President Trump for hosting the President of Argentina at the White House and promising a $20 billion payout to Argentina as the U.S government remains shutdown,

For Trump, the leader of Argentina is more important than American families struggling with rising costs for health care,” the Democratic senator will say.

U.S. said in recent says that it purchased Argentine pesos and wrapped up the framework for a $20 billion currency swap with the cash-strapped country’s central bank in an effort to stabilize markets and shore up the economy.

President Donald Trump doubled down on his plan to carry out a $20 billion currency swap with Argentina during a bilateral lunch with the South American leader.