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US-Argentina Trade Deal Cuts Tariffs, Boosts Beef Quota

The executive order permits an additional 80,000 metric tons of tariff-free Argentine beef this year, aiming to lower U.S. ground beef prices amid a 75-year low in cattle supply.

  • The US and Argentina signed a trade and investment agreement on February 6, 2026, which aims to enhance economic cooperation and boost bilateral trade relations.
  • Argentina will increase its beef exports to the US from 20,000 to 100,000 tons under the new agreement, significantly increasing its export quota and adding an estimated $800 million in revenue.
  • The agreement includes commitments to align with US safety standards and eliminate hundreds of reciprocal tariffs, facilitating trade and promoting investment in critical sectors like energy and technology.
  • President Javier Milei emphasized the deal's potential to integrate Argentina into the global economy and promote a competitive trade environment.
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Reuters broke the news in United Kingdom on Wednesday, February 4, 2026.
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