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    US grants Hungary one-year exception from sanctions over Russian oil and gas

    The United States has granted Hungary a one-year exemption from US sanctions for using Russian oil and gas, a White House official said on Friday, after Viktor Orbán pressed his case for a reprieve during a friendly meeting with Donald Trump in Washington.Last month, Trump imposed Ukraine-related sanctions on Russian oil companies Lukoil and Rosneft that carried the threat of further sanctions on entities in countries that buy oil from those firms.The Hungarian prime minister, a longtime Trump ally, met with the US president at the White House on Friday for their first bilateral meeting since the Republican returned to power and explained why his country needed to use Russian oil at a time when Trump has been pressing Europe to stop doing so.Orbán said the issue was vital for Hungary, which is a European country, and pledged to lay out “the consequences for the Hungarian people, and for the Hungarian economy, not to get oil and gas from Russia”.Trump, aiming to put pressure on Moscow to end its war with Ukraine, appeared sympathetic to Orbán’s position.“We’re looking at it, because it’s very different for him to get the oil and gas from other areas,” Trump said. “As you know, they don’t have … the advantage of having sea. It’s a great country, it’s a big country, but they don’t have sea. They don’t have the ports.”“But many European countries are buying oil and gas from Russia, and they have been for years,” Trump added. “And I said: ‘What’s that all about?’”The White House official noted that, in addition to the sanctions exemption, Hungary had committed to buying US liquefied natural gas with contracts valued at some $600m.Hungary has maintained its reliance on Russian energy since the start of the 2022 conflict in Ukraine, prompting criticism from several European Union and Nato allies.International Monetary Fund figures show that Hungary relied on Russia for 74% of its gas and 86% of its oil in 2024, warning that an EU-wide cutoff of Russian natural gas alone could force output losses in Hungary exceeding 4% of GDP.The two men also discussed Russia’s war with Ukraine.Trump said last month that he would meet Vladimir Putin in the Hungarian capital, but the meeting was put on hold after Russia rejected a ceasefire.Trump on Friday said Russia simply did not want to stop fighting. “The basic dispute is they just don’t want to stop yet. And I think they will,” he said.The president asked Orbán whether he thought Ukraine could win the war. A “miracle can happen”, Orban responded.Greater economic cooperation between the US and Hungary was also on the agenda. Orbán predicted a “golden age” between the two nations and made a point of criticizing Joe Biden’s administration, a sure way to garner favor with Trump, who continues to use Biden as a frequent foil.The Hungarian leader, who faces an election in 2026, has cultivated a strong personal rapport with Trump over the years, including on their shared hard-line immigration policies. Trump on Friday gave Orbán his support for the election.skip past newsletter promotionafter newsletter promotion“He has not made a mistake on immigration. So he’s respected by everybody, he’s liked by some … I like and respect him, I’m a double,” Trump said. “And that’s the way Hungary is being led. They’re being led properly, and that’s why he’s going to be very successful in his upcoming election.”The EU’s top court ruled last year that Hungary must pay a €200m ($216m) fine for not implementing changes to its policy of handling immigrants and asylum seekers at its border. It must also pay a daily fine of €1m until it fully implements the measures.Orbán referenced the fine during his meeting with Trump but said Hungary would handle its intra-EU disputes on its own.A tangible sign of Hungary’s improved ties with the US under the Trump administration came last month when the US fully restored Hungary’s status in its visa waiver program.Hungary has pushed back against plans by the European Commission to phase out the EU’s imports of all Russian gas and LNG by the end of 2027, deepening a rift with Brussels over relations with Moscow.Ratings agency S&P noted that Hungary has one of the most energy-intensive economies in Europe – and that its domestic refineries are built to process Russian Urals crude oil.While S&P said gas supplies from Azerbaijan and Qatar could help replace Russian supply, it warned that Hungary’s fiscal and external accounts remain vulnerable to an energy shock. More

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    Trump says Maduro’s days are numbered but ‘doubts’ US will go to war with Venezuela

    Donald Trump has sent mixed signals about potential US intervention in Venezuela, playing down concerns of imminent war against the South American nation but saying its leader Nicolás Maduro’s days were numbered.The president’s remarks, made during a CBS interview released on Sunday, come as the US amasses military units in the Caribbean and has conducted multiple strikes on alleged drug-trafficking vessels, killing dozens.Asked during the 60 Minutes program if the US was going to war against Venezuela, Trump said: “I doubt it. I don’t think so.” However, when asked if Maduro’s days as president were numbered, he replied: “I would say yeah. I think so, yeah.”Maduro, who faces indictment on drug charges in the US, has accused Washington of using drug trafficking as a pretext for “imposing regime change” in Caracas to seize Venezuelan oil.More than 15 US strikes on boats in the Caribbean and the Pacific have killed at least 65 people in recent weeks, with the latest taking place on Saturday, prompting criticism from governments in the region.Washington has yet to make public any evidence that its targets were smuggling narcotics or posed a threat to the US.In the same interview, Trump alleged countries including Russia and China had conducted underground nuclear tests unknown to the public, and that the US would test “like other countries do”.“Russia’s testing, and China’s testing, but they don’t talk about it,” he told 60 Minutes.“I don’t want to be the only country that doesn’t test,” he said, adding North Korea and Pakistan to the list of nations allegedly testing their arsenals.Confusion has surrounded Trump’s order that the US begin testing, particularly if he meant conducting the country’s first nuclear explosion since 1992.Trump first made his surprise announcement in a social media post on Thursday, minutes before entering a summit with the Chinese leader, Xi Jinping, in South Korea, saying he had “instructed the Department of War to start testing our Nuclear Weapons on an equal basis”.The announcement came after Russia said it had tested a new nuclear-powered cruise missile, the Burevestnik, and a nuclear-powered and nuclear-capable underwater drone.Asked directly if he planned for the US to detonate a nuclear weapon for the first time in more than three decades, Trump told CBS: “I’m saying that we’re going to test nuclear weapons like other countries do, yes.”No country other than North Korea is known to have conducted a nuclear detonation for decades. Russia and China have not carried out such tests since 1990 and 1996, respectively.Pressed on the topic, Trump said: “They test way underground where people don’t know exactly what’s happening with the test. You feel a little bit of a vibration.”However, Trump’s energy secretary, Chris Wright, on Sunday downplayed any possible tests by the US, telling Fox News on Sunday: “I think the tests we’re talking about right now are system tests. These are not nuclear explosions.”The US has been a signatory since 1996 to the comprehensive nuclear-test-ban treaty, which bans all atomic test explosions, whether for military or civilian purposes.Other topics addressed in the interview included:

    Trump said he “won’t be extorted” by Democrats to reopen the government, making clear that he has no plans to negotiate as the government shutdown will soon enter its sixth week.

    Asked to clarify whether he would try to run for a third term, which is barred by the constitution, Trump said: “I don’t even think about it,”

    Trump said immigration enforcement officials hadn’t gone far enough in deporting people who were in the country without legal authorisation.
    With Agence France-Presse More

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    Trump threatens to go into Nigeria ‘guns-a-blazing’ over attacks on Christians

    Donald Trump on Saturday said he had ordered the Pentagon to begin planning for potential military action in Nigeria as he stepped up his criticism that the government was failing to rein in the persecution of Christians in the west African country.“If the Nigerian Government continues to allow the killing of Christians, the USA will immediately stop all aid and assistance to Nigeria, and may very well go into that now disgraced country, ‘guns-a-blazing,’ to completely wipe out the Islamic Terrorists who are committing these horrible atrocities,” Trump posted on social media. “I am hereby instructing our Department of War to prepare for possible action. If we attack, it will be fast, vicious, and sweet, just like the terrorist thugs attack our CHERISHED Christians!”The warning of possible military action came after Nigeria’s president, Bola Ahmed Tinubu, earlier on Saturday pushed back on Trump announcing the day before that he was designating the west African country “a country of particular concern” for allegedly failing to rein in the persecution of Christians.In a social media statement on Saturday, Tinubu said that the characterization of Nigeria as a religiously intolerant country does not reflect the national reality.“Religious freedom and tolerance have been a core tenet of our collective identity and shall always remain so,” Tinubu said. “Nigeria opposes religious persecution and does not encourage it. Nigeria is a country with constitutional guarantees to protect citizens of all faiths.”Trump on Friday said “Christianity is facing an existential threat in Nigeria” and “radical Islamists are responsible for this mass slaughter”.Trump’s comment came weeks after the US senator Ted Cruz urged Congress to designate Africa’s most populous country a violater of religious freedom with claims of “Christian mass murder”.Nigeria’s population of 220 million people is split almost equally between Christians and Muslims. The country has long faced insecurity from various fronts including the Boko Haram extremist group, which seeks to establish its radical interpretation of Islamic law and has also targeted Muslims it deems not Muslim enough.Attacks in Nigeria have varying motives. There are religiously motivated attacks targeting both Christians and Muslims, clashes between farmers and herders over dwindling resources, communal rivalries, secessionist groups and ethnic clashes.While Christians are among those targeted, analysts say the majority of victims of armed groups are Muslims in Nigeria’s Muslim-majority north, where most attacks occur.Kimiebi Ebienfa, a spokesperson for the Ministry of Foreign Affairs, reiterated the commitment of Nigeria to protect citizens of all religions.“The Federal Government of Nigeria will continue to defend all citizens, irrespective of race, creed, or religion,” Ebienfa said in a statement on Saturday. “Like America, Nigeria has no option but to celebrate the diversity that is our greatest strength.”Nigeria was placed on the country-of-particular-concern list by the US for the first time in 2020 over what the state department called “systematic violations of religious freedom”. The designation, which did not single out attacks on Christians, was lifted in 2023 in what observers saw as a way to improve ties between the countries before the then-secretary of state Antony Blinken’s visit. More

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    Trump’s military pressure on Maduro evokes Latin America’s coup-ridden past

    The ghosts of sometimes deadly Latin American coups of the past are being evoked by Donald Trump’s relentless military buildup targeting Nicolás Maduro, Venezuela’s autocratic socialist leader, whom Washington has branded a narco-terrorist.Salvador Allende, the democratically elected Marxist president of Chile toppled in a military coup in 1973, and Rafael Trujillo, the longstanding dictator of the Dominican Republic who was assassinated in 1961 in an ambush organized by political opponents, are just two regional leaders whose fates serve as a warning to Maduro.Allende is believed to have killed himself, although some doubt that explanation, as troops stormed the presidential palace in the Chilean capital, Santiago, in a coup – fomented by then president Richard Nixon’s administration – that ushered in the brutally repressive military regime of Gen Augusto Pinochet.The CIA is believed to have supplied the weapons used to kill Trujillo.Guatemala’s elected president, Jacobo Arbenz, escaped into exile after being overthrown in a 1954 coup also instigated by the CIA. But the event triggered a 30-year civil war that killed an estimated 150,000 people and resulted in 50,000 disappearances.The agency is also thought to have made at least eight unsuccessful attempts to assassinate Fidel Castro, the leader of Cuba’s communist regime, which is still in power and is closely allied to Maduro.The plot to depose Castro also included the failed Bay of Pigs invasion carried out by Cuban exiles and organized by the CIA in the early months of John F Kennedy’s presidency in 1961, but which was defeated by Cuba’s armed forces.Now, as the US stages its biggest naval buildup in the region since the Cuban missile crisis in 1962, some believe Maduro’s life is equally at risk.Washington is preparing to carry out military strikes imminently inside Venezuela on already pinpointed targets that have been identified as military facilities used to smuggle drugs, according to reports.US officials are leaving little doubt that this could lead to fatal consequences for Maduro.“Maduro is about to find himself trapped and might soon discover that he cannot flee the country even if he decided to,” the Miami Herald quoted a source with close knowledge of US military planning as saying. “What’s worse for him, there is now more than one general willing to capture and hand him over, fully aware that one thing is to talk about death, and another to see it coming.”The Trump administration has offered a $50m bounty for information leading to the arrest or conviction of the Venezuelan leader, after announcing in August that it was doubling the $25m reward initially offered during Trump’s first presidency.Explaining his decision this month to authorize covert CIA actions against Venezuela, Trump pointedly refused to say whether US forces were authorized to “take out” Maduro. However, Fulton Armstrong, a former CIA Latin America analyst, said the intense security surrounding the Venezuelan leader in effect rendered the reward a “dead or alive” proposition, meaning any attempt to snatch him is likely to result in his death.“Anybody who’s going to try to take him is going to be so heavily armed that any defense that he put up would lead to them pulling triggers,” said Armstrong.“Let’s say it’s locals and they want the bounty. Most of them will assume that they’ll get the bounty dead or alive. Our forces would be a little bit more disciplined, but then imagine the adrenaline that anybody trying to do a snatch would have coursing through their veins. They’re going to be trigger-happy.“Only a fool would think that they can go in there and say, ‘OK, let me put handcuffs on you and escort you to the car.’ That’s not how it’s going to work.”Maduro has survived at least one apparent attempt on his life, when two drones exploded as he was speaking at a military parade in Caracas in 2018. Television footage shows several members of his security team rushing to his side to shield him after the explosions.Maduro accused neighboring Colombia of being responsible, although some opponents suggested the episode was a false flag operation staged to win sympathy.In May 2020, Venezuelan security forces foiled an attempt by about 60 dissidents, accompanied by two former US Green Berets, to capture and oust him in a plot that involved infiltrating the country by sea. The episode was afterwards dubbed the “Bay of Piglets” in mocking reference to the botched plot against Castro.But a fresh sign of Washington’s determination to get its hands on Maduro emerged this week when the Associated Press reported that a US agent, working for the Department of Homeland Security, had unsuccessfully tried to bribe the Venezuelan president’s pilot into diverting his plane to enable American authorities to capture him.The Trump administration has deployed a daunting array of military hardware off the Venezuelan coast in what appears to be an intimidating statement of intent to bring about regime change in the country.Last week, the Pentagon announced that the USS Gerald Ford, the biggest aircraft carrier in the US navy, would sail from Europe to join a military force consisting of destroyers armed with Tomahawk cruise missiles, B-1 and B-52 bombers, and special forces helicopters.At least 57 people have been killed in more than a dozen US military strikes on alleged drug-trafficking boats in the Caribbean and Pacific. Washington has accused Maduro and other senior Venezuelan officials of being at the head of a cartel smuggling drugs into the US. Maduro denies the charge and experts dispute the significance of Venezuela’s role in the illegal drug trade.Trump has intensified the pressure further by authorizing the CIA to carry out covert activities inside Venezuela, although the contents of his instructions are classified and unknown.skip past newsletter promotionafter newsletter promotionArmstrong argued that Trump was aware that his policy could prove fatal for Maduro.“What person wouldn’t be aware of that potential because you’re trying to take out a head of state, a tenacious head of state,” he said.“We do assassinations on a routine basis of people that we suspect of not even being senior members of groups that we consider to be terrorists. If we’re authorizing the assassination of regular combatants in the war on terror, how crazy is it to think that the administration would authorize the use of lethal means, if necessary, to snatch the head of a cartel.”Another former CIA officer, speaking on condition of anonymity because of their previous involvement in targeted assassinations in the Middle East, said decisions to authorize such killings were normally taken with great care and based on threat severity.“It is very specific and usually because there is a lethal threat to America and our allies. They are done super carefully,” the former agent said.“The president and the [national security council] come up with the plan, and then they decide who’s going to take the shot … Is it going to be the military [or some other agency], will it lead to war?”High-profile assassinations in recent times include Osama bin Laden by a Navy Seal team in 2011; Qassem Suleimani, the commander of the Iranian Revolutionary Guards Qods force, killed by a drone strike ordered by Trump in 2020; and Ayman al-Zawahiri, Bin Laden’s former deputy in al-Qaida, who was killed by a drone in Afghanistan in 2022 during Joe Biden’s presidency.“Bin Laden was an easy decision – he killed thousands of Americans, and even before the 9/11 attacks he had done lesser stuff,” said the ex-officer. “Suleimani, too, was easy because he had killed so many Americans.”Maduro, however, presents a less clearcut target, even though Marco Rubio, the US secretary of state, has described the Venezuelan regime as “the al-Qaida of the western hemisphere”.“The idea of going after a guy, Maduro, who is a sitting leader of a sovereign country, whether we like the country or not, just seems really strange and disproportionate,” the former agent continued. “Maduro is not Hitler. Bin Laden, Suleimani and al-Zawahiri were not heads of countries.“If you look at our history, even in the last 40 or 50, years, we’ve been staying away from going after world leaders.”Disclosures about the CIA’s role in backing coups and assassination attempts on foreign leaders during the 1950s and 1960s led to committees being established in Congress to oversee the agency’s activities.While there is no evidence that Trump has authorized Maduro’s assassination, John Ratcliffe, the CIA director, told senators during his confirmation hearings that he would make the agency less risk averse and more willing to conduct covert action when ordered by the president.Armstrong suggested the administration’s preferred course was to goad Maduro’s opponents in the Venezuelan military and other parts of society to topple him in a coup, setting the scene for a democratic transition while precluding the need for direct US action.But some analysts believe such a scenario would probably spawn a replacement loyal to the leftist movement spearheaded by Maduro’s late predecessor, Hugo Chávez – with a full-blown democratic transformation potentially taking years to bear fruit.Angelo Rivero Santos, a former Venezuelan diplomat in the country’s US embassy and now an academic at Georgetown University, said the chances of a coup were likely to be dashed by domestic realities and the fact that even Maduro’s critics have rallied around the flag in response to recent US pressure. .“The year 2025 is not 1973,” he said, referring to the coup that deposed Chile’s Allende. “Statements from the opposition show that this is not heavily supported inside the country.” More

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    Why is Trump talking about nuclear weapons? – podcast

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    Wole Soyinka, Nigerian Nobel laureate and Trump critic, says US visa revoked

    The Trump administration has revoked the visa for Wole Soyinka, the acclaimed Nigerian Nobel prize-winning writer who has been critical of Trump since his first presidency, Soyinka revealed on Tuesday.“I want to assure the consulate … that I’m very content with the revocation of my visa,” Soyinka, who won the 1986 Nobel prize for literature, told a news conference.Soyinka previously held permanent residency in the United States, though he destroyed his green card after Donald Trump’s first election in 2016.Soyinka speculated that his recent comments comparing Trump to the Ugandan dictator Idi Amin might have struck a nerve and contributed to the US consulate’s decision.Soyinka said earlier this year that the US consulate in Lagos had called him in for an interview to reassess his visa, which he said he would not attend.According to a letter from the consulate addressed to Soyinka, seen by Agence France-Presse, officials have cancelled his visa, citing US state department regulations that allow “a consular officer, the secretary, or a department official to whom the secretary has delegated this authority … to revoke a nonimmigrant visa at any time, in his or her discretion”.Reading the letter aloud to journalists in Lagos, Nigeria’s economic centre, he jokingly called it a “rather curious love letter from an embassy”, while telling any organisations hoping to invite him to the United States “not to waste their time”.“I have no visa. I am banned,” Soyinka said.The US embassy in Abuja, the capital, said it could not comment on individual cases, citing confidentiality rules.The Trump administration has made visa revocations a hallmark of its wider crackdown on immigration, notably targeting university students who were outspoken about Palestinian rights.Soyinka said he had recently compared Trump to Uganda’s Amin, something he said Trump “should be proud of”.“Idi Amin was a man of international stature, a statesman, so when I called Donald Trump Idi Amin, I thought I was paying him a compliment,” Soyinka said. “He’s been behaving like a dictator.”The 91-year-old playwright behind Death and the King’s Horseman has taught at and been awarded honours from top US universities including Harvard and Cornell.His latest novel, Chronicles from the Land of the Happiest People on Earth, a satire about corruption in Nigeria, was published in 2021. Soyinka described the book as his “gift to Nigeria” in an interiview with the Guardian.In February, the Crucible theatre in Sheffield staged Death and the King’s Horseman.Soyinka left the door open to accepting an invitation to the United States should circumstances change, but added: “I wouldn’t take the initiative myself because there’s nothing I’m looking for there. Nothing.”He went on to criticise the ramped-up arrests of undocumented immigrants in the country.“This is not about me,” Soyinka said. “When we see people being picked off the street – people being hauled up and they disappear for a month … old women, children being separated. So that’s really what concerns me.”Trump’s crackdown has seen national guard troops deployed to US cities and citizens temporarily detained as part of aggressive raids, as well as the curtailing of legal means of entry. More

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    US military kills 14 in attacks on vessels in the Pacific, according to Hegseth

    The US military killed 14 people and left one survivor in more strikes on alleged drug-trafficking boats in the eastern Pacific, the defense secretary, Pete Hegseth, said on Monday, as the Trump administration continued to expand its campaign beyond the Caribbean.The latest strikes mean the US has now attacked at least 13 vessels and brought the officially acknowledged death toll to 51 people since the campaign began at the start of September.Hegseth did not provide geographic details beyond saying that the strikes took place in the eastern Pacific, in international waters. Last week, the administration started targeting boats on the western side of the Americas after initially focusing on boats off the coast of Venezuela.The four boats were hit on Sunday in three strikes, Hegseth said in a social media post announcing the matter. His said the boats were “known by our intelligence apparatus, transiting along known narco-trafficking routes, and carrying narcotics”. He also acknowledged there was a survivor.In perhaps an effort to avoid the legally thorny questions that could come with detaining that person, Hegseth said the US enlisted Mexico to take on search-and-rescue responsibilities – which Mexico accepted.Hegseth sought to justify the attacks by comparing the US strikes against alleged drug traffickers to conducting strikes on al-Qaida targets during the global “war on terror”.“The Department has spent over TWO DECADES defending other homelands. Now, we’re defending our own. These narco-terrorists have killed more Americans than Al-Qaeda, and they will be treated the same. We will track them, we will network them, and then, we will hunt and kill them,” Hegseth said.Even so, the justification for the strikes has been widely disputed by legal experts. For one, when the US killed al-Qaida members, Congress had authorized the use of force. In targeting drug cartel members, the administration has relied on Trump’s Article II powers to defend the US against an imminent threat.Republican senator Rand Paul, who has been at odds with Trump in recent weeks, on Tuesday expressed criticism with the unilateral strikes and the prospect of a wider escalation with the Venezuelan government.“I am disturbed by the actions with blowing up boats, with people whom we don’t know their name, we’ve been presented with no evidence of a crime,” Paul told reporters. “We don’t even know if they’re armed, frankly, and that’s more indicative of a war. It may be a prelude to war, but I hope it’s not.”Still, the latest boat strikes come as the US appears destined to start hitting land-based targets in the coming weeks, after the Pentagon sent its most advanced aircraft carrier and its strike group to the Caribbean – a major escalation in the Trump administration’s stated war against drug cartels.The move is expected to bring the USS Gerald Ford, with its dozens of fighter jets and its accompanying destroyers, to the coast of Venezuela by roughly the end of the week, according to a person familiar with the matter.Sending the carrier strike group to the Caribbean is the clearest sign to date that the administration intends to dramatically expand the scope of its lethal military campaign from hitting small boats alleged to be carrying drugs bound for the US to targets on land.skip past newsletter promotionafter newsletter promotionThe supercarrier has dozens of F-18 Super Hornet jets that increase the offensive firepower and ability for the US to hit air-defense systems in Venezuela. That would clear the way for US special operations or drones to destroy land-based targets, current and former officials said.Donald Trump confirmed to reporters at the White House on 23 October that the next stage of the campaign was to hit targets on the ground. “The land is going to be next,” the president said. “The land drugs are much more dangerous for them. It’s going to be much more dangerous. You’ll be seeing that soon.”Trump did not discuss which targets in which countries the US intended to strike. But he directed Hegseth, who was seated beside him at the White House event about curbing the flow of illegal drugs into the US, to notify Congress about the administration’s plans.Asked whether he would declare war against the cartels, Trump suggested he would continue with individual strikes. “I think we’re just going to kill people that are bringing drugs into our country, OK?” he said. “We’re going to kill them, you know? They’re going to be, like, dead.” More

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    Javier Milei hails ‘tipping point’ as his far-right party wins Argentina’s midterm elections

    The party of Argentina’s far-right president, Javier Milei, has won Sunday’s midterm elections after a campaign in which Donald Trump announced a $40bn bailout for the country and made continued aid conditional on the victory of his Argentinian counterpart.With more than 95% of ballots counted, La Libertad Avanza secured 40.84% of the nationwide vote, in an election widely seen as a de facto referendum on the self-styled anarcho-capitalist’s nearly two years in power. The Peronist opposition, Fuerza Patria, secured 31.67%.While the result falls short of giving Milei a congressional majority – which remains with the Peronists – it has surprised Argentinian analysts, given the recent blows to the libertarian’s popularity from corruption allegations involving his sister to the current economic crisis.The government had downplayed expectations, considering anything between 30% and 35% a satisfactory outcome, especially after Milei’s heavy defeat in the provincial elections in Buenos Aires in September, when he lost to the Peronists by 14 percentage points.View image in fullscreenThis time, Milei’s party turned the tide, winning in Argentina’s largest electoral district, home to about 40% of the electorate.“I am the king of a lost world,” Milei sang as he took the stage in front of hundreds of supporters at a hotel in Buenos Aires. He began his speech by saying: “Today we passed the tipping point – the construction of a great Argentina begins.”The president hailed the US bailout as “something unprecedented, not only in Argentine history but in world history, because the US has never offered support of such magnitude”.“Now we are focused on carrying out the reforms that Argentina needs to consolidate growth and the definitive takeoff of the country – to make Argentina great again,” the president said in Spanish, echoing the Trumpist slogan.View image in fullscreenTrump soon offered his congratulations on Sunday night, calling the win for Milei’s party a “landslide victory”.Speaking on a trip to Asia on Monday, Trump said Milei had a “lot of help” from the US, as he praised the unexpectedly “big win”, describing it as “a great thing”.“He had a lot of help from us. He had a lot of help. I gave him an endorsement, a very strong endorsement,” Trump said, also crediting some of his top officials, including the treasury secretary, Scott Bessent, who oversaw the financial assistance to Argentina. “We are sticking with a lot of the countries in South America. We focus very much on South America,” Trump said.View image in fullscreenUp for grabs in the election were 127 of the 257 seats in the lower house and a third of the senate, 24 of its 72 seats. Milei’s party secured 64 lower house seats and 12 in the senate.skip past newsletter promotionafter newsletter promotionThe new seats in the lower house, combined with those already held, allow the government to meet its main goal for this election: securing at least a third of the lower house to sustain presidential vetoes.Milei began his administration almost two years ago with his “chainsaw” spending cuts, slashing tens of thousands of public jobs and freezing investment in infrastructure, healthcare, education and even the supply of medicines for pensioners.He managed to bring down inflation from more than 200% in 2023 to about 30% in September, achieving the country’s first fiscal surplus in 14 years. Economic activity grew by 0.3% in August 2025 after three consecutive months of decline.View image in fullscreenBut purchasing power has plummeted: most Argentinians say they are struggling to make ends meet, more than 250,000 jobs have been lost and about 18,000 businesses have closed.The libertarian’s popularity also took a hit when Milei promoted a cryptocurrency that later collapsed; his sister and most powerful cabinet member, Karina Milei, was implicated in an alleged corruption scheme; and one of his party’s leading candidates withdrew from Sunday’s election after admitting to having received $200,000 from a businessman accused of drug trafficking in the US.To prevent the peso from devaluing, the government burned through its dollar reserves, even after taking a $20bn loan (of which $14bn has been disbursed) from the International Monetary Fund, and was forced to turn to Trump, who came to the rescue with a $40bn bailout.Trump’s stance was seen by many in the country as interference in the election, and some predicted that – owing to anti-American sentiment among parts of the population – US support could backfire on Milei.Although voting is compulsory, turnout was the lowest since the return to democracy in 1983, at 67.85%, surpassing the previous record low of 71% set in 2021. More