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Argentina says it lacks the votes to ratify its U.S. trade agreement as President Javier Milei seeks to renegotiate the deal.
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00:00It's Benzinga bringing Wall Street to Main Street
00:02Argentine President Javier Millet's advisers told the Trump administration they lacked the
00:06votes in their Congress to ratify a bilateral trade agreement signed in February, according
00:10to Bloomberg. Millet's government wants to renegotiate after the U.S. Supreme Court struck
00:15down Trump's global tariffs, but U.S. officials have rejected reopening the deal. Argentina faces
00:20a narrowing window to ratify the deal before its legislative year ends in November, as Millet
00:24prioritizes other legislation and his 2027 re-election bid could make the reform politically risky.
00:30Argentina faces a narrowing window to ratify the trade agreement before its legislative year ends
00:35in November, as Millet prioritizes other legislation and faces setbacks in the country's Congress amid
00:40lower approval ratings and sluggish growth. U.S. officials say Argentina received favorable
00:45terms in the deal and should now fulfill its commitments. For all things money, visit Benzinga.com.
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