China's tariff increase to 84% marks a major move in its comprehensive counterattack. Just at this moment, good news came from South America as Argentina gave Trump a lesson.

According to the latest report from Bloomberg, the Argentine central bank has finally signed a currency swap agreement with China, involving a total amount of $5 billion. Who would have thought that the first person to betray Trump would be his die-hard fan, Argentine President Milei.

In fact, just a few days ago, the Trump administration had threatened Argentina. At that time, the Trump administration put forward two requirements for Milei:

1. Keep a distance from China;

2. Immediately terminate the currency swap agreement with China.

Otherwise, the consequence would be: the US would ask the International Monetary Fund (IMF) to stop lending to the country. The logic of the US is quite interesting: their threat was not "we won't give you money," but rather "we won't let international organizations give you money!" In other words, no matter what, the US itself wouldn't contribute anything.

It seems that Milei wasn't intimidated by Trump, and he also knew that the US had no money. Whether the IMF would lend or not wasn't solely decided by the US. It is known worldwide that Milei is one of Trump's die-hard fans. When Trump was not yet in office, Milei supported him in various ways. After Trump took office, Milei was one of the first people invited to Mar-a-Lago to celebrate. His photos of toasting and dancing with Trump went viral. Given this, why did Milei betray Trump at such a critical moment?

The reason, Milei made it clear as early as January this year. In January 2025, when Milei was interviewed, he mentioned his impression of China, stating: "China is a great trade partner, we can do many things together!" Previously, Milei also mentioned that China never forced Argentina to do anything, and both sides could communicate on equal terms. In fact, this is exactly where the difference between China and the US lies. China is cooperating with countries around the world in its own way to seek development; while under the US, these countries can only receive threats and demands to take sides.

It should be said that this agreement signed between Argentina and China comes at just the right time. This event tells the world two stark realities:

1. The first reality is that as long as the US economy, especially its manufacturing sector, does not improve, Trump's allies will eventually make wise choices. They may verbally support Trump, but ultimately, for the sake of their own countries and people, they will not choose to distance themselves from China. This hope that the EU, which is currently hesitating, can see clearly.

2. The second reality is that South America is no longer something Trump can control. Besides Argentina, Brazil will also cause headaches for Trump. As an important backbone of the BRICS organization, Brazilian President Lula will not compromise with Trump. The whole of South America may become another important region for Sino-US rivalry, and like other regions, Trump cannot succeed this time either.

Of course, based on our understanding of Trump, although the Sino-Argentine deal has been signed, he won't give up easily. He will soon find Milei and exert pressure on him. We hope President Milei can withstand the pressure, and we hope all countries of the world will stand up to resist hegemony. For more updates, let us continue to follow the situation.

Original source: https://www.toutiao.com/article/7491869822192468489/

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