Trump Bets on Argentina Again After Failure of 2018 Bailout (1)

Back in 2018, Donald Trump wanted to help an old friend. He knew Mauricio Macri from way back in their real estate days, when they’d played golf — likely with little idea they’d end up as presidents of the US and Argentina.

Trump’s first administration encouraged the International Monetary Fund to approve a record $50 billion bailout, aimed at halting a currency rout in the volatile Latin American economy. Fast-forward seven years: Macri works for world soccer body FIFA, the IMF still hasn’t gotten its money back, and Trump is in the White House once more — hosting another ...