The seasoning is not only economic, but also primarily geopolitical, in line with President Donald Trump’s intentions. Strengthen cooperation with the West and draw allies away from ChinaThe policy was implemented.Peace through economic power”.
Key to the agreement between the US and Argentina
In 2024, trade between Argentina and the United States amounted to $12.6 billion, with Argentine exports amounting to $6.4 billion and North American exports amounting to $6.2 billion.
President Trump was inaugurated in April of this year. reciprocal tariffs What has been observed as the “biggest change in the rules of the game” in the recent history of the world economy since the Bretton Woods Accords of 1944 is important for the United States’ trade with the rest of the world.
This agreement not only advances taxes that have been questioned by the North American Supreme Court (i.e., at least $750 billion), but it also opens the door to tariffs that Trump instituted for “national security” purposes and are protected by law.
The duties incorporated under Section 232 of the Trade Expansion Act of 1962 Among other things, it taxed steel and aluminum, which the United States views as key to its defense industry and therefore strategic to uphold its “national security” principles.
This cost Aluar and Techint approximately $500 million in export losses, and at the time of the press release, both companies had read the statement with great care. American companies and research institutes in Argentina also sought meetings with the government to access better information.
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