"Argentina and the United States agreed Thursday to ease restrictions on each other's goods in an expansive trade deal that boosts a drive by President Javier Milei to open up Argentina's protectionist economy and a push by the Trump administration to reduce food prices for Americans. The deal, which slashes hundreds of reciprocal tariffs between the countries, also reflects the importance of Milei's ideological loyalty to U.S. President Donald Trump, even as the chronically distressed South American nation long isolated from the global economy"
"Milei has traveled to the U.S. at least a dozen times since entering office and plans to visit Trump's private Mar-a-Lago club in Florida again next week. The efforts have paid off. Last year as market turmoil threatened to derail Milei's free-market overhaul and drain Argentina's foreign currency reserves ahead of a crucial midterm election, Trump offered his ally a $20 billion credit line."
Argentina and the United States agreed to ease restrictions and cut hundreds of reciprocal tariffs, expanding bilateral trade and reducing barriers to goods. The deal advances President Javier Milei's program to open Argentina's protectionist economy and aligns with U.S. efforts to lower food prices. The agreement reflects Milei's ideological loyalty to President Donald Trump after close political and financial cooperation, including a $20 billion U.S. credit line last year that stabilized Argentina's currency and aided an election victory. Argentine Foreign Minister Pablo Quirno and U.S. Trade Representative Jamieson Greer signed the trade and investment agreement in Washington, part of U.S. framework deals with several Latin American countries.
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