Overview
- An official White House communiqué describes reciprocal market access, including preferential entry for selected U.S. goods and U.S. tariff removal on certain natural resources and unpatented pharmaceutical items.
- The statement notes potential consideration under Section 232, and reporting indicates talks prioritized relief for beef, steel and aluminum, with quota mechanics to be defined once the text is released.
- Industry reports cite possible tariff‑free quotas, including an 80,000‑tonne beef allocation and caps near 180,000 tonnes for steel and aluminum, though these figures have not been formally confirmed.
- AmCham Argentina welcomed the framework as boosting predictability, competitiveness and integration into nearshoring and friendshoring supply chains, with potential to lower consumer costs.
- The Unión Industrial Argentina endorsed the announcement but said it will wait for the agreement’s full text to assess sectoral impacts, including how measures interact with Mercosur rules.