Trump Trade Agreements

The U.S. has announced multiple trade agreements after President Trump imposed tariffs on almost all countries, first under IEEPA and then under Section 122. Details can be found below for each agreement. 

Jump to:

Argentina | Australia | Bangladesh | Cambodia | Ecuador | El Salvador | EU | Guatemala | India | Indonesia | Japan | Korea | Malaysia | Switzerland & Liechtenstein | Taiwan | Thailand | UK | Vietnam  

ST&R offers a three-pronged approach for avoiding, mitigating, and/or recovering tariffs. For more information on which of these strategies might be most effective for your business, please contact ST&R.

---

Argentina

Details on the November 2025 agreement with Argentina can be found in this ST&R Trade Report article.

• USTR: United States of America - Argentine  Republic Agreement on Reciproical Trade and Investment (February 2026)
• White House: Joint Statement on Framework for a United States - Argentina Agreement on Reciprocal Trade and Investment (November 13, 2025)

Australia

• White House Fact Sheet: President Donald J. Trump Closes Billion-Dollar Deals With Australia (October 20, 2025)
• White House: United States - Australia Framework for Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths (October 20, 2025)

Bangladesh

• USTR: Agreement Between the United States of America and the People's Republic of Bangladesh on Reciprocal Trade (February 9, 2026)
• USTR: Fact Sheet: The United States and Bangladesh Reach an Agreement on Reciprocal Trade (February 5, 2026)
• White House: Joint Statement on United States - Bangladesh Agreement on Reciprocal Trade (February 9, 2026)

Cambodia

Details on the October 26, 2025 agreement with Cambodia can be found in this ST&R Trade Report article.

• USTR Fact Sheet: The United States and Cambodia Reach an Agreement on Reciprocal Trade (October 26, 2025)
• White House: Agreement Between the United States of America and the Kingdom of Cambodia on Reciprocal Trade (October 26, 2025)
• White House: Joint Statement on United States - Cambodia Agreement on Reciprocal Trade (October 26, 2025)
• White House: Joint Declaration by the Prime Minister of the Kingdom of Cambodia and the Prime Minister of the Kingdom of Thailand on the Outcomes of Their Meeting in Kuala Lumpur, Malaysia (October 26)

Ecuador

Details on the November 2025 agreement with Ecuador can be found in this ST&R Trade Report article.

• USTR: Agreement Between the United States of America and the Republic of Ecuador on Reciprocal Trade (March 16, 2026)
• White House: Joint Statement on Framework for United States - Ecuador Agreement on Reciprocal Trade (November 13, 2025)

El Salvador

Details on the agreement with El Salvador that was released in January 2026 can be found in this ST&R Trade Report article.

• USTR: Agreement Between the United States of America and The Republic of El Salvador on Reciprocal Trade (January 29, 2026)
• White House: Joint Statement on Framework for United States - El Salvador Agreement on Reciprocal Trade (November 13, 2025)

European Union

On August 21, 2025, The U.S. and European Union released a joint statement establishing a framework for a bilateral trade agreement. Read more in this ST&R Trade Report article.

• Federal Register: Implementing Certain Tariff-Related Elements of the U.S.-EU Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (September 25, 2025)
• CSMS #66336270 - Guidance - Implementation of Tariff-Related Elements of the United States-European Union Framework Agreement (September 24, 2025)
• White House: Joint Statement on a United States - European Union Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (August 21, 2025)
• White House Fact Sheet: The United States and European Union Reach Massive Trade Deal (July 28, 2025)

Guatemala

Details on the November 2025 agreement with Guatemala can be found in this ST&R Trade Report article.

• USTR: Agreement Between The United States of America and The Republic of Guatemala on Reciprocal Trade (January 30, 2026)
• USTR: Fact Sheet - The United States and Guatemala Agree to a Framework for Agreement on Reciprocal Trade (November 13, 2025)
• White House: Joint Statement on Framework for United States - Guatemala Agreement on Reciprocal Trade (November 13, 2025)

India 

Details on the February 6, 2026 trade framework can be found in this ST&R Trade Report article.

• White House: Fact Sheet: The United States and India Announce a Historic Trade Deal (February 9, 2026)
• White House: United States - India Joint Statement (February 6, 2026)

Indonesia

On July 22, 2025, the U.S. and Indonesia agreed to a framework for negotiating a bilateral trade agreement, which was finalized February 19, 2026. Details can be found here.

• USTR: Agreement Between the United States of America and The Republic of Indonesia on Reciprocal Trade (February 19, 2026)
• White House Fact Sheet: The United States and Indonesia Reach Historic Trade Deal (July 22, 2025)

Japan

On September 4, 2025, President Trump issued an executive order implementing a trade framework agreement with Japan that was announced in July. Read more details here. 

• White House: The United States Signs Technology Prosperity Deals with Japan and Korea (October 29, 2025)
• White House Fact Sheet: President Donald J. Trump Drives Forward Billions in Investments from Japan (October 28, 2025)
• White House: Implementation of the Agreement Toward a NEW GOLDEN AGE for the U.S. - Japan Alliance (October 27, 2025)
• Federal Register: Implementing Certain Tariff-Related Elements of the United States-Japan Agreement (September 16, 2025)
• CSMS #66242844: Updated Guidance - Implementation of the United States-Japan Agreement and Modification of Duties on Imports from Japan (September 15, 2025)
• CSMS #66146676: Interim Guidance - Retroactive Implementation of the United States-Japan Agreement (September 5, 2025)
• White House: United States - Japan Framework for Securing the Supply of Critical Minerals and Rare Earths Through Mining and Processing (October 27, 2025)
• White House: Implementing the United States - Japan Agreement (September 4, 2025)
• USTR: U.S.-Japan Trade Agreement Text, Annexes & Side Letters

Korea

Details on the agreement with Korea can be found in these Trade Report Articles from November 19, 2025 and December 4, 2025.

• Federal Register: Implementing Certain Tariff-Related Elements of the U.S.-Korea Strategic Trade and Investment Deal (December 4, 2025)
• White House: Memorandum of Understanding Between the Government of the United States of America and the Government of the Republic of Korea Regarding the U.S.-ROK Technology Prosperity Deal (October 29, 2025)
• White House: The United States Signs Technology Prosperity Deals with Japan and Korea (October 29, 2025)
• White House Fact Sheet: President Donald J. Trump Brings Home More Billion Dollar Deals During State Visit to the Republic of Korea (October 29, 2025)

Malaysia

Details on the October 26, 2025 agreement with Malaysia can be found in this ST&R Trade Report article.

• USTR: Schedules 1 and 2 for the U.S. - Malaysia Agreement on Reciprocal Trade (October 26, 2025)
• USTR Fact Sheet: The United States and Malaysia Reach an Agreement on Reciprocal Trade (October 26, 2025)
• White House Fact Sheet: President Donald J. Trump Secures Peace and Prosperity in Malaysia (October 26, 2025)
• White House: Agreement Between the United States of America and Malaysia on Reciprocal Trade (October 26, 2025)
• White House: Joint Statement on United States - Malaysia Agreement on Reciprocal Trade (October 26, 2025)
• White House: Memorandum of Understanding Between the Government of the United States of America and the Government of Malaysia Concerning Cooperation to Diversity Global Critical Minerals Supply Chains and Promote Investments (October 26, 2025)

Switzerland & Liechtenstein

Details on the trade agreement with Switzerland and Liechtenstein can be found in ST&R Trade Report articles from when the deal was announced by the White House and when it was amended by the DOC.

• CSMS #67133044: Guidance - Implementation of Tariff-Related Elements of the Framework for a United States-Switzerland-Liechenstein Agreement (December 17, 2025)
• Federal Register: Certain Tariff-Related Elements of the Framework for a United States - Switzerland - Liechtenstein Agreement on Fair, Balanced, and Reciprocal Trade (December 18, 2025)
• White House: Joint Statement on a Framework for a United States - Switzerland - Liechtenstein Agreement on Fair, Balanced, and Reciprocal Trade (November 14, 2025)
• White House: Fact Sheet - The United States, Switzerland, and Liechtenstein Reach a Historic Trade Deal (November 14, 2025)

Taiwan

On January 15, 2026, the U.S. Department of Commerce announced an agreement on trade and investment with Taiwan, which was finalized February 12, 2026.

• USTR: Agreement Between the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States on Reciprocal Trade Between the United States of America and Taiwan (February 12, 2026)
• Fact Sheet: Restoring American Semiconductor Manufacturing Leadership Through an Agreement on Trade & Investment with Taiwan (January 15, 2026)

Thailand

Details on the October 26, 2025 agreement with Thailand can be found in this ST&R Trade Report article.

• USTR Fact Sheet: The United States and Thailand Reach a Framework for an Agreement on Reciprocal Trade (October 26, 2025)
• White House: Joint Statement on a Framework for a United States - Thailand Agreement on Reciprocal Trade (October 26, 2025)
• White House: Memorandum of Understanding Between the Government of the United States of America and the Government of the Kingdom of Thailand Concering Cooperation to Diversify Global Critical Minerals Supply Chains and Promote Investments (October 26, 2025)
• White House: Joint Declaration by the Prime Minister of the Kingdom of Cambodia and the Prime Minister of the Kingdom of Thailand on the Outcomes of Their Meeting in Kuala Lumpur, Malaysia (October 26)

The United Kingdom

On June 16, 2025, President Trump issued an executive order implementing a trade framework agreement with the United Kingdom that was announced in May. Read more details here.

• CSMS #65475725: Guidance: United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal (June 27, 2025)
• White House Fact Sheet: Implementing the General Terms of the U.S.-UK Economic Prosperity Deal (June 17, 2025)
• Federal Register: Implementing the General Terms of the United States of America-United Kingdom Economic Prosperity Deal (June 16, 2025)
• White House: Implementing the General Terms of the United States of America - United Kingdom Economic Prosperity Deal (June 16, 2025)
• USTR Fact Sheet: U.S.-UK Reach Historic Trade Deal (May 2025)
• White House: General Terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal (May 8, 2025)

Vietnam

Details on the October 26, 2025 agreement with Vietnam can be found in this ST&R Trade Report article.

• USTR Fact Sheet: The United States and Viet Nam Reach a Framework for an Agreement on Reciprocal, Fair, and Balanced Trade (October 26, 2025)
• White House: Joint Statement on a United States - Vietnam Framework for an Agreement on Reciprocal, Fair, and Balanced Trade (October 26, 2025)