In the new Trump-Milei axis, Scott Bessent plays a decisive role: he is the rescuer from the turbulence generated by Donald Trump himself. Every time the American president makes high-sounding statements that agitate the markets or call into question the strength of the link with Buenos Aires, Bessent must go out to defuse the crisis.
He does it from X, in interviews with Bloomberg or CNBC, where he translates Trump’s phrases into the language of financial stability. As Treasury secretary and longtime fund manager, Bessent acts as a buffer between politics and the markets. Their task is to contain volatility, reassure investors and persuade the opposition in Washington that the rescue of Argentina is not an ideological adventure, but a strategic bet.
In practice, Bessent rescues both Milei and Trump: the first, from the effects of his unpredictable ally; to the second, from his own words.
