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US Tariffs on Mineral Fuels, Oils from Argentina — 10% (2026)

Tariff Rate Breakdown

10%

Section 122 Base

10%

Total Effective Rate

Among US trading partners for mineral fuels, oils, Argentina plays a notable role, with approximately $14B in total bilateral trade.

Following the Supreme Court's landmark February 20, 2026 decision striking down IEEPA tariffs, imports of mineral fuels, oils from Argentina are now subject to a 10% tariff under Section 122 of the Trade Act of 1974, effective February 24, 2026.

This 10% rate has a built-in expiration: Section 122 limits presidential tariff authority to 150 days, meaning the tariff expires approximately July 24, 2026 without congressional renewal.

Mineral Fuels, Oils (HTS Chapter 27) carry an average MFN duty rate of 0.5% in addition to the Section 122 tariff. No additional Section 232 or Section 301 surcharges apply to most products in this category from Argentina.

Key products in HTS Chapter 27 imported from Argentina include Crude petroleum, Natural gas, Coal, Gasoline, Diesel fuel, and Jet fuel.

Common Products in Chapter 27

Crude petroleumNatural gasCoalGasolineDiesel fuelJet fuelPetroleum cokeLiquefied propane

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Frequently Asked Questions

What is the current tariff rate on mineral fuels, oils from Argentina?

As of March 2026, mineral fuels, oils from Argentina face a base tariff of 10% under Section 122. The effective rate can be up to 10%.

Will the tariff on mineral fuels, oils from Argentina change?

The Section 122 tariff of 10% expires approximately July 24, 2026, unless Congress extends it. Monitor legislative developments for updates.

How did the Supreme Court ruling affect mineral fuels, oils imports from Argentina?

The Supreme Court's February 20, 2026 ruling struck down IEEPA reciprocal tariffs as exceeding presidential authority. The president signed a replacement 10% tariff under Section 122 the same day, effective February 24.