“The countries will open their markets to each other on key products,” according to the White House statement that said Argentina would provide “preferential markets access for US goods exports” including certain medicines, chemicals, machinery, information technology products, medical devices.
“The United States and Argentina will work expeditiously to finalize the text of the Agreement for signature and undertake their respective domestic formalities in advance of the Agreement entering into force,” the statement added.
The deal is part of a much bigger gamble from Trump on Argentina, after the US rushed to provide $20 billion in financing and directly purchased pesos last month in a bid to help stem a currency selloff and help Milei’s party ahead of October 2026 midterm elections.It also marks a political victory for Milei, who has positioned himself as one of Trump’s closest allies on the world stage.
The US will also remove “reciprocal tariffs on certain unavailable natural resources and non-patented articles for use in pharmaceutical applications,” according to the White House.
The White House also said the “countries have committed to improved, reciprocal, bilateral market access conditions for trade in beef.”
The moves to ease trade in cattle come as the Trump administration is looking to provide relief to American consumers with wholesale beef prices surging in recent years after US herds dwindled to their lowest level in decades and on the heels of elections in which Republicans suffered losses with an electorate increasingly focused on affordability.
The US on Thursday also announced frameworks for trade deals with El Salvador and Ecuador.
(Edited by : Gareema Bangad)
