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 U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled.

China and South Africa have signed a framework agreement for a new trade deal. It shows how Africa’s leading economy is looking for other options following the high U.S. import tariffs imposed on it by the Trump administration.

Despite a sharp rise in U.S. tariffs under President Donald Trump, the economy has continued to grow, surprising economists and reshaping views of trade policy's impact.