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Argentina

US Revised Tariffs (%)

10

Ease of doing business

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Revised Tariff %
Original Tariff %
Country Tariff Rate %
Share of US Imports % (1 implies <1%)
10
10
6.5
1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
9.17
7.09
2.08

Implications

As of late January 2026, the trade relationship between the US and Argentina is in a unique state of "reciprocal alignment." While the US has implemented broad global tariffs, Argentina has secured a Framework for an Agreement on Reciprocal Trade and Investment (signed in late 2025) that grants it significant exemptions in exchange for market liberalization.


Latest US Tariffs Update (January 2026)


  • The Baseline: Argentina is currently subject to a 10% baseline reciprocal tariff on most goods. However, under the 2025 bilateral framework, the US has removed these tariffs on several "unavailable natural resources" and strategic goods.


  • Steel & Aluminum: As of June 2025, the US increased tariffs on aluminum and steel to 50%. Argentina, as a significant exporter, remains impacted by these Section 232 duties unless specific quotas are negotiated under the new framework.

  • Agricultural Relief: In late 2024 and 2025, the US dropped tariffs on over 200 food products, including beef, lemons, and certain fertilizers, benefiting Argentine exporters significantly.

  • Potential 2026 Escalation: The US administration has threatened to increase the general tariff to 25% by June 1, 2026, for countries not meeting specific trade or "economic security" criteria. Argentina is currently positioned to avoid this through its alignment on critical minerals and supply chain security.


Major Companies Impacted

Company

Sector

Impact Type

Tenaris / Ternium

Steel/Aluminum

Negative: High 50% duties on US exports; shifting production to US-based plants.

Arcos Dorados

Agribusiness

Positive: Lowered US tariffs on beef and agricultural imports; streamlined logistics.

Livent / Allkem

Lithium/Mining

Positive: Benefiting from US "Critical Minerals" cooperation and RIGI investment framework.

Adecoagro

Farming/Energy

Positive: Stabilization of soybean trade and elimination of duties on specialty crops.

Ford / Stellantis

Automotive

Neutral/Positive: Argentina's removal of non-tariff barriers allows easier import of US-made parts/vehicles.

GDP & Trade Balance (YTD 2026)


  • GDP Impact: Analysts project a 3.0% growth rate for Argentina in 2026. While US tariffs on steel are a drag, the "near-shoring" of lithium and energy supply chains is expected to provide a net positive contribution to GDP.

  • Latest Balance of Trade (BOT):

    • December 2025 Surplus: USD 1.89 Billion.

    • 2025 Full Year Surplus: USD 11.29 Billion (down from 2024 due to increased import demand for capital goods).

    • YTD 2026 Trend: Early January data suggests a widening surplus driven by high energy (Vaca Muerta) and mining exports, offsetting the costs of US import tariffs.


SWOT Analysis: Argentina-US Trade Relations (2026)

Strengths

Weaknesses

* Strategic alignment with US on "Economic Security."


* Vast reserves of Lithium and Natural Gas (Critical Minerals).


* "RIGI" framework attracting large-scale foreign investment.

* Low foreign reserves limiting Central Bank flexibility.


* High historical inflation (though decelerating to ~14% in 2026).


* Heavy reliance on primary commodity exports.

Opportunities

Threats

* Potential for full MFN (Most Favored Nation) status in 2026.


* Displacing Chinese supply chains in the US market.


* Regaining access to international credit markets in 1Q26.

* US Supreme Court rulings on IEEPA could invalidate current deals.


* 25% US tariff hike scheduled for June 2026 if negotiations stall.


* Social/political resistance to domestic austerity measures.


US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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