US Tariffs on Imports from Argentina

Argentina faces a 10% Section 122 tariff plus MFN duties on exports to the US, with no bilateral free trade agreement in place. Section 232 tariffs of 50% on steel and aluminum were unaffected by the SCOTUS IEEPA ruling and remain in force.

Argentina is a significant agricultural exporter and a member of Mercosur, which limits its ability to negotiate bilateral FTAs. Annual US imports from Argentina total approximately $7B. The trade relationship is relatively modest compared to Brazil but important in specific product categories such as wine, beef, and biodiesel.

Key Products Imported from Argentina

Top imports from Argentina include wine (especially Malbec), aluminum, biodiesel, beef, soybeans and soybean oil, lithium, and specialty agricultural products such as yerba mate and lemons. Argentina is also a growing lithium producer in the 'lithium triangle.'

Recent Changes

Feb 20, 2026: SCOTUS struck down IEEPA tariffs; Argentina's 10% rate continues under Section 122 (expires ~July 24, 2026). Section 232 aluminum tariffs of 25% remain. Argentina's economic reforms may open the door to future trade negotiations, but Mercosur membership complicates bilateral FTA prospects. Argentine lithium production is expanding rapidly.

Tips for Importers

With no FTA in place, accurate tariff classification is critical to minimize MFN duties. Argentine Malbec faces the 10% Section 122 tariff plus MFN wine duties — compare total landed cost with Chilean wines (FTA duty-free). For lithium, explore US critical minerals incentives that may offset the Section 122 tariff. Consider timing large shipments around the ~July 2026 Section 122 expiry date.