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America First Audit

He said it in public. These are the documents on what happened next. Browse all records.

Why these cases

Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.

Said vs. done

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Case 239 of 254
  1. The Rural Development Swap
  2. The Retirement Alternatives Test
  3. Fraud Liability Upheld, Monetary Penalty Vacated
  4. The DJT Bagholder Test
  5. Political Spending at Trump Properties After Inauguration
  6. YouTube Account-Suspension Settlement
  7. Argentina First
  8. Changpeng Zhao Pardon and Trump-Family Crypto Sequence
  9. Tariff Whiplash and Taxpayer Farm Bailouts
  10. Veterans as a Private Market
  11. Trump International Golf Club Wadi Safar
  12. Trump Plaza Jeddah Launch
  13. Argentina Beef

Argentina First

Actions
documentedArgentina's central bank and the U.S. Treasury signed an exchange-stabilization agreement with capacity up to $20 billion.Central Bank of ArgentinaAssociated PressRead record · 2 sources
People and impacts
Who gained
  • Argentine financial system
  • Central Bank of Argentina
Who paid or was affected
reportedThe American Soybean Association said Argentina's temporary export-tax suspension facilitated large soybean sales to China while U.S. producers faced falling prices and lost sales.Open cited record
  • U.S. soybean farmers
  • U.S. Exchange Stabilization Fund

Amounts and affected parties

  1. commitmentMaximum exchange-stabilization facilityup to $20 billion
    Committed by / source
    U.S. Exchange Stabilization Fund
    Committed toward / intended recipient
    Central Bank of Argentina
    committed · 2026-01-09 · observedRead source record
    Calculation detailsPopulation U.S. Exchange Stabilization Fund; Central Bank of Argentina; Argentine financial system; U.S. soybean farmersPeriod 2025-10-20 to 2026-01-09Basis Face amount stated by both counterparties; no assumption that the full amount was drawn.Limits The ceiling measures contingent capacity, not cash outlay or loss.
  2. commitmentAmount drawn and later repaid$2.5 billion drawn and repaid
    Commitment source
    U.S. Exchange Stabilization Fund
    Intended recipient
    Central Bank of Argentina
    realized · 2026-01-09 · observedRead source record
    Calculation detailsPopulation U.S. Exchange Stabilization Fund; Central Bank of Argentina; Argentine financial system; U.S. soybean farmersPeriod 2025-10-20 to 2025-12-31Basis Amount reported by AP from Treasury and Argentine disclosures; recorded as exposure until repayment, not public cost.Limits Treasury described a profit, but the cited sources do not independently quantify the final realized amount.
Promise and assessment
The promise
documentedThe platform promised an America First trade policy and support for American farmers.The American Presidency ProjectRead record · 1 source

Promise unresolved

This case establishes temporary public risk support for Argentina during a period of U.S. farm-market stress, not a realized transfer of $20 billion or a causal link to Argentina's soybean sales to China.

Latest additions

Cases

  1. Kraft family: Trump access, dropped charges, board power and corporate sanctions
  2. Trump clemency advocacy: six-figure fees, DOJ routing and investigationsEvent date
  3. Trump installs a donor's wife as his board remakes and shutters the Kennedy CenterEvent date

Evidence records

  1. 30-year mortgage rate: 7.4 % (2026-10-15)Event date
  2. 10-year Treasury yield: 5.1 % (2026-10-15)Event date
  3. 2-year Treasury yield: 4.77 % (2026-10-15)Event date