The American Chamber of Commerce (AmCham) reported that Argentina will not be affected by the increase in tariffs on steel and aluminum imports decided by the United States government. According to AmCham, American companies believe there is a possibility of reaching a free trade agreement (FTA) between both countries.
In a report from the entity, it was indicated that the United States prioritizes raising tariffs on the ten countries with which it has the largest bilateral trade deficit. These countries are China, European Union, Mexico, Vietnam, Ireland, Germany, Taiwan, Japan, South Korea, and Canada.
AmCham mentioned that Argentina, Uruguay, and Ecuador have "serious possibilities to access a Free Trade Agreement" in the future, highlighting the interest of the United States in Argentina's key role in minerals, citrus, and energy.
As of March 12, the increase in tariffs to 25% on aluminum imports, which would affect the Argentine company Aluar, has been suspended. According to AmCham, Trump's tariff policy is based on protecting national security, seeking reciprocity in tariffs, and focusing on the trade deficit of the United States with other countries.
Additionally, Trump has announced an additional 10% tariff on products from China and is considering applying tariffs on products from third countries, such as Mexico, if they contain significant Chinese components or if the importing companies are of Chinese capital.
