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AmCham Urges Argentina to Overhaul Economy as US Tariff Threat Looms

The US Chamber’s report calls for five structural changes to draw foreign capital just before US tariff increases threaten Mendoza exports.

Overview

  • On July 24, AmCham demanded five urgent reforms covering currency liberalization, tax simplification, regulatory stability, infrastructure investment and labor law modernization.
  • The report seeks to remove exchange controls on dividend, royalty and debt payments to improve market confidence and attract capital.
  • It calls for a comprehensive tax overhaul to lower burdens and for consensus-based regulatory policies that ensure predictability.
  • Mendoza exporters warn that US duties could rise by 10% on August 1 and reach 22% without targeted exclusions, putting wine, fruit purées and lithium shipments at risk.
  • AmCham highlights that agroindustry alone could export over US$43 billion by 2033 and notes similar growth prospects in Vaca Muerta oil and gas, digital services and mining.