Trump, Argentina's Milei Expected to Announce Zero-Tariff Trade Deal

U.S. President Donald Trump is set to meet with Argentine President Javier Milei at the White House on October 14, just days before Argentina's midterm legislative elections, to strengthen bilateral relations and potentially finalize a zero-tariff trade agreement covering at least 100 foreign trade items. The negotiations, reportedly well advanced and conducted under confidentiality, aim to reduce tariffs currently at 10% on Argentine goods—lower than those imposed on Canada and Brazil—thus giving Argentina a competitive advantage in Latin America. Argentina is a significant trading partner for the U.S., ranking second in goods exports and first in services, with the U.S. also being the largest foreign direct investor in Argentina. Additionally, the U.S. Treasury Secretary announced negotiations on a $20 billion credit swap line to support Argentina's economy amid currency challenges, signaling strong U.S. financial backing contingent on favorable electoral outcomes. The meeting and ongoing economic cooperation underscore a strategic partnership based on shared values of freedom, democracy, and prosperity. This engagement highlights the Trump administration's commitment to fostering economic ties and investment opportunities between the two nations.