Argentina and US Sign Trade Deal Cutting Hundreds of Tariffs

The agreement is a major step in President Javier Milei's push to open up Argentina's historically protectionist economy.

Published on Feb. 5, 2026

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Argentina and the United States have agreed to scrap hundreds of tariffs on each other's goods in a new trade and investment deal signed on Thursday. The US will eliminate over 1,600 reciprocal tariffs on Argentine products, while Argentina's government will terminate more than 220 levies on US goods. The agreement was signed by Argentina's Foreign Minister Pablo Quirno and US Trade Representative Jamieson Greer in Washington.

Why it matters

This trade deal represents a significant shift in Argentina's historically protectionist economic policies under President Javier Milei, who has been pushing to open up the country's markets. The elimination of hundreds of tariffs on both sides is expected to boost trade and investment between the two countries.

The details

The trade agreement will see the US eliminate over 1,600 tariffs on Argentine goods, while Argentina will terminate more than 220 levies on US products. The deal was signed in Washington by Argentina's Foreign Minister Pablo Quirno and US Trade Representative Jamieson Greer.

  • The trade deal was signed on Thursday, February 5, 2026.

The players

Javier Milei

The President of Argentina who has been pushing to open up the country's historically protectionist economy.

Pablo Quirno

Argentina's Foreign Minister who signed the trade agreement with the US.

Jamieson Greer

The US Trade Representative who signed the trade agreement with Argentina.

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What’s next

The trade deal still needs to be ratified by the legislative bodies in both Argentina and the United States before it can fully take effect.

The takeaway

The elimination of hundreds of tariffs on both sides is expected to boost trade and investment between Argentina and the United States, marking a major shift in Argentina's economic policies under President Milei.