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U.S. and Argentina Seal Reciprocal Trade Deal Slashing Tariffs, Opening Markets

The pact now heads to Argentina’s Congress for approval.

Overview

  • U.S. Trade Representative Jamieson Greer and Argentine Foreign Minister Pablo Quirno signed the agreement in Washington on Feb. 5, building on a Nov. 13 framework.
  • Argentina will cut or eliminate barriers on hundreds of U.S. goods, with tariffs reduced on auto parts, quota-based access for vehicles, beef and dairy, and acceptance of U.S. safety and USDA food standards.
  • Washington will remove reciprocal tariffs on 1,675 Argentine products, with Argentina estimating over $1 billion in added exports and officials also pointing to a review of U.S. steel and aluminum tariffs.
  • Regulatory and strategic provisions include a ban on data transmission duties, a pledge not to enact a digital services tax, cooperation on export controls and telecom integrity, protection for common cheese names, and a commitment to prioritize U.S. investment in critical minerals.
  • The deal deepens the MileiTrump alignment following a U.S. $20 billion credit line that drew bipartisan criticism, and it is expected to face pushback from U.S. ranchers and protected Argentine industries.