Argentina - U.S. trade relations: a challenging scenario with opportunities for progress

New Tariffs, Strategic Impact

As of April 5, 2025, the United States imposed a general 10% tariff on all imports, including those from Argentina. This measure added to earlier actions, such as the 25% tariff applied since March 12 on aluminum and automobiles, and the doubling of tariffs on steel and aluminum to 50% starting June 4. A temporary “Tariff Truce” was established from April 10 to August 1, suspending additional measures, though the 10% base tariff remains in place.

Diplomatic Engagement and Positive Signals

In response, the Argentine government initiated negotiations with U.S. counterparts. In June, a high-level technical mission led by the Ministry of Foreign Affairs and the Ministry of Economy traveled to Washington to request exemptions for key exports and establish a formal dialogue.

According to press reports, both parties have now reached an agreement under which 100 Argentine products will benefit from a 0% tariff. In exchange, Argentina has reportedly committed to eliminating tariffs and import barriers on U.S. goods.

If confirmed, this outcome would reflect the positive diplomatic environment and Argentina’s recent market-oriented reforms. President Javier Milei has reiterated his government’s commitment to global economic integration and a rules-based trading system. The Office of the United States Trade Representative (USTR) has publicly recognized Argentina’s trade liberalization efforts, including:

• the removal of non-automatic import licenses (SIRAs),
• tariff reductions on over 100 product lines,
• and the elimination of the Country Tax.

Additionally, the broader context of the U.S. seeking resilient and diversified supply chains amid rising global trade tensions may position Argentina as a reliable partner in Latin America.

Outlook

Although the final resolution has not yet been published, signs point to a positive shift in the bilateral trade dynamic. The Milei administration’s engagement with U.S. authorities appears to have yielded meaningful progress.

The coming months will be key in confirming the agreement’s scope and implementation. For Argentine exporters and U.S. partners, this evolving scenario offers both a test of alignment and a window of opportunity to modernize and rebalance one of the region’s most relevant trade relationships.