Every week, the USTR website will explore a new trade topic, with background information and current trade data. On July 21 and 22, U.S. Trade Representative Ron Kirk will be in Singapore at the annual Asia-Pacific Economic Cooperation (APEC) Ministerial meeting - so this week's trade topic is U.S. trade relations with APEC member economies.
November 14, 2025
WASHINGTON – Today, Ambassador Jamieson Greer issued a statement following President Donald J. Trump and President Lee reaffirming the historic announcement of the Korea Strategic Trade and Investment deal. The United States and the Republic of Korea agreed to a Joint Fact Sheet laying the ground for terms for a historic deal reflecting the strength of the U.S.-ROK alliance.
ACHIEVING RECIPROCAL TRADE: President Donald J. Trump and President Lee Jae Myung announced a Joint Fact Sheet reaffirming the historic Korea Strategic Trade and Investment Deal. The deal reflects a common goal to increase mutually beneficial trade and investment and will address longstanding barriers that American exporters have faced in the Korean market while bolstering U.S. national and economic security.
Key terms of the Korea Strategic Trade and Investment Deal include:
November 14, 2025
WASHINGTON – Today, Ambassador Jamieson Greer issued a statement following President Trump’s announcement of a Framework for a historic deal with Switzerland and Liechtenstein.
November 13, 2025
WASHINGTON – Today, Ambassador Jamieson Greer issued a statement following President Trump’s announcement of Joint Statements with El Salvador, Argentina, Ecuador, and Guatemala for Frameworks for Agreements on Reciprocal Trade.
ACHIEVING RECIPROCAL TRADE: Today, President Donald J. Trump announced a trade deal that will provide Americans with more certain and streamlined market access in Guatemala. The United States and the Republic of Guatemala (Guatemala) agreed to a Framework for an Agreement on Reciprocal Trade, which will further strengthen and build upon our robust longstanding trade and economic partnership with Guatemala, and solidify and expand American exporters’ access to Guatemala’s market while bolstering U.S. national and economic security.
ACHIEVING RECIPROCAL TRADE: Today, President Donald J. Trump announced a trade deal that will provide Americans with increased market access in Ecuador. The United States and the Republic of Ecuador (Ecuador) agreed to a Framework for an Agreement on Reciprocal Trade, which will strengthen American exporters’ access to Ecuador’s market while bolstering U.S. national and economic security.
ACHIEVING RECIPROCAL TRADE: Today, President Donald J. Trump announced a deal to deepen bilateral trade and investment cooperation in the U.S.-Argentina bilateral relationship that will provide American exporters with unprecedented access to the Argentine Republic’s (Argentina’s) market while protecting U.S. national and economic security.
ACHIEVING RECIPROCAL TRADE: Today, President Donald J. Trump announced a trade deal that will provide Americans with more certain and streamlined market access in El Salvador. The United States and the Republic of El Salvador (El Salvador) agreed to a Framework for an Agreement on Reciprocal Trade, which will further strengthen and build upon our robust longstanding trade and economic partnership with El Salvador, and solidify and expand American exporters’ access to El Salvador’s market while bolstering U.S. national and economic security.
