What follows is just my theory, but I think it's merely a matter of politics and culture.
Trump doesn't want Milei's government to fail, he needs successful examples of neoliberal, anti-woke, populist, anti-inmigration governments and Milei is probably his best bet. He's not helping Argentina, he's helping a political ally's party.
Betting on the Peso doesn't make sense. It's a lot of money but it's <1% USA's budget. Trump was probably thinking the American media would not pay too much attention to it but apparently it slightly backfired and they did.
Fair enough, forget I said neoliberalism but the rest of the keywords apply. Evidently they don't care that one is neoliberal and the other is protectionist, I guess they care more about anti-wokeism at the end of the day.
Trump doesn't want Milei's government to fail, he needs successful examples of neoliberal, anti-woke, populist, anti-inmigration governments and Milei is probably his best bet. He's not helping Argentina, he's helping a political ally's party.
Betting on the Peso doesn't make sense. It's a lot of money but it's <1% USA's budget. Trump was probably thinking the American media would not pay too much attention to it but apparently it slightly backfired and they did.