🇮🇷 Iran vs 🇨🇱 Chile Tariffs — Import Duty Comparison (2026)

Iran and Chile 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 Iron ore to the United States, creating direct competition in these sectors.

In terms of trade volume, Iran accounts for approximately $0.1B in bilateral trade with the US, compared to Chile's $30B.

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.

Iran's advantages include: Unique export categories: Crude oil, Petroleum products, Carpets. Chile's advantages include: Trade agreement: US-Chile FTA (duty-free on qualifying goods); Higher US trade volume ($30B vs $0.1B); Unique export categories: Copper, Lithium, Salmon.

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