A Political Victory for Milei

Argentine President Javier Milei’s political party was a big winner in the weekend elections, more than doubling its representation in Congress. The vote follows a $40 billion U.S. investment in Argentina to prop up its currency. While the U.S. was giving Argentina the first $20 billion line of credit, the South American country dropped its export tax and sold 20 cargoes of its soybeans to China. American farmers were upset because China has been absent from the U.S. market.