Argentina and the United States have announced they have agreed the framework for a new trade deal that will strengthen the “strategic alliance” between the two nations.

In a joint statement issued Thursday by the White House, the US government confirmed a "Framework Agreement on Trade and Reciprocal Investment” had been reached with Argentina.

Agreements with three other nations – Guatemala, Ecuador and El Salvador – were also confirmed.

The four countries, all in the Americas, have agreed to open up their markets and grant “preferential access” to the US, while Washington had granted tariff relief on some items in return, said the White House.

“Presidents Donald J. Trump of the United States and Javier Milei of Argentina have announced the creation of a Framework for an Agreement on Trade and Reciprocal Investment with the aim of boosting the bilateral economic relationship, encouraging the opening of markets and promoting the cooperation in strategic areas,” read the joint statement released by the White House.

Details about the proposed agreement were thin on the ground, but Milei government officials rushed to celebrate the news on social media.

The framework agreements will be completed in around two weeks and are expected to exempt specific products rather than reduce existing reciprocal tariffs, according to a senior Trump administration official who spoke on condition of anonymity.

The framework for the Argentina agreement comes after the Trump administration’s sw