Businessmen on alert over the trade agreement with the U.S. following the ruling against Trump's tariffs
Business leaders in Argentina are expressing concern that a recent court ruling against Donald Trump's tariffs may impact the bilateral trade agreement with the United States.
Business leaders in Argentina have raised alarms following a recent court ruling that challenges many of Donald Trump's tariffs. The ruling could potentially affect the bilateral trade agreement that was recently signed with the United States, prompting notable chambers of commerce in Argentina to assess its implications for bilateral trade. There is the possibility that this development might lead to adjustments in the agreement or raise questions about its legal standing.
The U.S. Chamber of Commerce in Argentina (AmCham) stated that the recently signed bilateral agreement encompasses commitments that extend beyond tariff issues. They emphasized that, in principle, the judicial ruling should not directly impact the agreement; however, they acknowledge that it might necessitate some additional adjustments to ensure clarity and legal support. This proactive stance indicates a sensitivity in navigating the complexities of international trade agreements amidst changing judicial landscapes.
Furthermore, the current government under Javier Milei aims to advance this trade agreement, which is still pending legislative approval in Argentina and institutional notification in the U.S. Congress. The government expresses a determination to address these matters swiftly and submit necessary proposals soon, reflecting a broader strategy for enhancing trade relations with the United States despite potential legal hurdles created by the recent court decision.