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Argentina suspends the legislative process of the US-Argentina trade agreement.

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Jinse Finance reports, July 6 - The Argentine government said on the 5th that it will not submit the mutual trade and investment agreement signed with the United States to Congress for approval in the short term. The Argentine government announced on February 5 this year that it had signed a mutual trade and investment agreement with the United States. According to the Argentine Constitution, treaties concluded by the Argentine government with foreign countries and international organizations must be approved by Congress. According to reports from Argentine media TN TV, the Argentine government stated that the U.S. Supreme Court issued a ruling in February determining that the U.S. International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs. This ruling limits the U.S. president's ability to fulfill commitments regarding tariffs and market access through executive orders, thereby affecting certain terms of the Argentina-U.S. mutual trade and investment agreement concerning market access. Therefore, the Argentine government has decided that the agreement will not enter the legislative agenda in the near future. (Xinhua News Agency)
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