BUENOS AIRES, Argentina — Argentina and the United States agreed Thursday to ease restrictions on each other's goods in an expansive trade deal that boosts a drive by President Javier Milei to open up Argentina's protectionist economy and a push by the Trump administration to reduce food prices for Americans.

The deal reduces reciprocal tariffs and expands quotas for key trading goods, including Argentine beef — a flashpoint for American ranchers.

In response to Trump's tariffs, China's use of other Asian manufacturing markets and forced labor is adding trillions into Chinese GDP.

Argentina expects a significant increase in exports following the signing of a trade agreement with the United States, announced by Argentine Foreign Minister Pablo Quirno.

The U.S. slapped 30% duties on some South African goods under President Donald Trump's reciprocal tariffs policy — one of the higher rates applied across the world. South Africa has said it is still negotiating with the U.S. for a better deal.