Argentina's trade pact with US still awaits ratification by Congress
Argentina signed the deal with Washington in February, and Washington pushed last month for lawmakers to take it up.
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Argentina and the United States signed a reciprocal trade and investment agreement in early February, under which Washington eliminated more than 1,600 tariffs on Argentine goods and Buenos Aires scrapped more than 220 levies on US products, according to Argentina's Foreign Ministry.
The deal has not yet cleared Argentina's Congress. In late August, Deputy US Trade Representative Jeff Goettman urged Milei's government to send the pact to lawmakers to complete ratification, according to the Buenos Aires Times. That call was about finishing the process already agreed, not about changing its terms.
The delay comes as the Trump administration presses allies and trading partners alike for tougher terms across a range of deals, making even agreements struck with friendly governments harder to lock in than they were earlier this year. For investors watching Argentina, the stalled ratification is a reminder that a signed deal is not the same as a finished one, and that Washington's leverage in these talks has only grown.