Overview
- President Javier Milei announced in Miami that the U.S. beef quota for Argentina will rise from 20,000 to 80,000 tonnes at a preferential 10% tariff, thanking President Donald Trump.
- Officials report that the metals chapter under negotiation could allow up to about 180,000 tonnes of steel and aluminum to enter the U.S. without tariffs, echoing a 2018 quota framework.
- Foreign Minister Pablo Quirno is set to travel to Washington next week to press remaining points, with a joint announcement expected before the end of November.
- Industry impact will be uneven in the near term because only plants certified for the U.S. market can ship immediately and Argentina’s cattle herd has recently declined.
- Analysts estimate the additional 60,000 tonnes of beef could be worth roughly US$300 million a year, while a metals exemption would aid exporters such as Aluar and Ternium facing current 50% U.S. tariffs.