WASHINGTON — President Donald Trump on Tuesday threatened to pull assistance for Argentina — led by a political kindred spirit whose philosophy is similar to that of the Republican administration — if the nation’s internal politics don’t align with his interests in upcoming elections.

The comments came during a meeting with Argentine President Javier Milei, whose country is set to hold midterm elections for its legislative body later this month. U.S. presidents typically do not weigh in on the candidates in other countries’ democratic elections.

Referring to an opponent who was “extremely far-left” and encompassed a “philosophy that got Argentina into this problem in the first place,” Trump warned that the United States wouldn’t “waste our time” with largesse toward Buenos Aires if Milei does not prevail. In addition to the midterms that will be a referendum on his policies, Milei himself is up for reelection in 2027.

“We’re not going to let somebody get into office and squander the taxpayer money from this country. I’m not gonna let it happen,” Trump said from the Cabinet Room as he prepared to eat lunch with Milei. “If he loses, we are not going to be generous with Argentina.”

Even so, Trump insisted that the $20 billion assistance to Argentina, which administration officials strenuously deny is a bailout, was about helping “our neighbors” rather than any ties to the upcoming midterms.

“It’s just helping a great philosophy take over a great country,” the U.S. president said. “Argentina is one of the most beautiful countries that I’ve ever seen, and we want to see it succeed. It’s very simple.”

U.S. Treasury Secretary Scott Bessent added that the administration believed Milei’s coalition in the upcoming midterms would “do quite well and continue his reform agenda.”

As he opened his lunch with Milei, Trump noted that the Argentine president, who is an economist by trade, is “MAGA all the way.” That traditionally refers to his campaign slogan, “Make America Great Again,” but this time, it also meant “Make Argentina Great Again.”

Trump’s meeting with Milei was already making waves back in Argentina, with Cristina Fernandez de Kirchner, leader of the left-leaning Peronist opposition and a two-term former president, writing on social media: “Trump to Milei: ´Our agreements are subject to whoever wins election´. Argentines … you know what to do!”

The former president is serving a six-year sentence under house arrest since June for corruption, but she remains the most influential leader of Peronism, an ideologically flexible, labor rights-focused populist movement, which emerged in the 1940s and dominated politics for decades.

Ahead of his White House meeting and during it Milei lavished praise on Trump, deploying a tactic that has helped transform Milei’s cash-strapped country into one of the Trump administration’s closest allies.

Milei, speaking in Spanish, said he is “very honored, especially in this moment when we are giving thanks for Trump’s great leadership.”

“We can follow a peaceful route and make Argentina a strong example for freedom and prosperity,” Milei said.

That bromance has already paid off for Argentina — most recently, to the tune of a $20 billion bailout.

The Trump administration made a highly unusual decision to intervene in Argentina’s currency market after Milei’s party suffered a landslide loss in a local election last month.

Along with setbacks in the opposition-dominated Congress, the party’s crushing defeat created a crisis of confidence as voters in Buenos Aires Province registered their frustration with rising unemployment, contracting economic activity and brewing corruption scandals.