🇨🇱 Chile vs 🇵🇪 Peru Tariffs — Import Duty Comparison (2026)

🇨🇱

Chile

Section 122 Rate10%

Section 301N/A

Section 232 (Metals)50%

Trade AgreementUS-Chile FTA

Trade Volume$30B

Base Effective Rate10%

🇵🇪

Peru

Section 122 Rate10%

Section 301N/A

Section 232 (Metals)50%

Trade AgreementUS-Peru TPA

Trade Volume$18B

Base Effective Rate10%

Product Overlap

Both countries export these product categories to the US:

CopperGold

🇨🇱 Chile Advantages

+Higher US trade volume ($30B vs $18B)
+Unique export categories: Lithium, Salmon, Wine

🇵🇪 Peru Advantages

+Unique export categories: Zinc, Crude oil, Coffee

Chile and Peru are both significant US trading partners, but their tariff profiles differ in important ways that affect import costs.

Both countries face the same base tariff rate of 10% on most goods entering the United States.

Both countries export Copper, Gold to the United States, creating direct competition in these sectors.

In terms of trade volume, Chile accounts for approximately $30B in bilateral trade with the US, exceeding Peru's $18B.

Both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026, following the Supreme Court's ruling striking down IEEPA tariffs. This rate expires approximately July 24, 2026 unless Congress extends it.

Chile's advantages include: Higher US trade volume ($30B vs $18B); Unique export categories: Lithium, Salmon, Wine. Peru's advantages include: Unique export categories: Zinc, Crude oil, Coffee.

With equivalent base tariff rates, the choice between Chile and Peru depends primarily on product-specific duties, shipping costs, lead times, and supply chain considerations rather than the base tariff rate.

Frequently Asked Questions

Which has lower tariffs — Chile or Peru?

Both countries face the same base Section 122 tariff of 10%. The difference comes from product-specific duties, Section 301 (China only), and Section 232 (metals).

Should I switch sourcing from Chile to Peru?

The decision depends on more than tariff rates. Consider total landed cost (shipping, insurance, customs fees), lead times, quality standards, minimum order quantities, and supply chain reliability. With equivalent base rates, focus on non-tariff factors.

Do both Chile and Peru face the same Section 122 tariff?

Yes, both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026. This flat rate replaced the variable IEEPA tariffs struck down by the Supreme Court. It expires approximately July 24, 2026.

What products overlap between Chile and Peru exports to the US?

Both countries export Copper, Gold to the US. Chile has total bilateral trade of ~$30B while Peru has ~$18B.