The Argentine Chamber of Steel (CAA) has asked the Javier Milei government to coordinate based on the “strategic and geopolitical” alliance with Donald Trump’s administration to reverse the imposition of 25% rates on the country’s steel importation announced, announced This week.
In a statement issued on Thursday (13), the association that brings together the main steel producing companies in the country states that the “search for effective answers to the problems of steel production capacity, as a result of unfair trade, should be coordinated and based on the dialogue and strategic and geopolitical alliance that the United States has with Argentina. ”
In mentioning “unfair trade”, the business association refers to China’s advance as the world’s largest steel producer, with a 54% stake in steel and 51% in finished products, becoming the main exporter, with more than 94 million tons in 2023, according to the statement.
“Argentina is a reliable and complementary supplier for the US industry,” says the statement, pointing out that the South American country represents only 0.20% of the world steel production and that there is integration of the country’s steel industry, with The purchase by the United States of Argentine steel products for its production process.
The statement also points out that imports to the US was “duly authorized by corresponding US bodies”, and refers to the import quota of 180,000 tons per year since 2018.
At the time, Trump announced the imposition of tariffs on the sector, but after negotiations with the government of former President Mauricio Macri, the quota of 180,000 tons of tariffs was established, of which 150,000 correspond to oil tubes.
The agreement also determined the possibility of imports of steel products exempt from tariffs if there was no American production in sufficient quality or quality.
According to the House, in 2023 and 2024, Argentina exported $ 100 and 110 million in steel products, respectively, with the volumes stipulated in the agreement being strictly respected.
“CAA trusts that the government can find a dialogue channel to set up the measure, which allows to deepen the existing productive integration in the competitive steel industry of both countries with mutual benefits for their economies, the private sector, the workers and the chain of chain Steel value as a whole, ”he expresses.
It is estimated that Argentine companies Aluar and Tenaris would be the most affected by Trump’s imposition of tariffs. Aluar, for example, allocates 40% of its exports to the US, selling about US $ 700 million annually, according to the Argentine channel Todo Noticias, affiliated with CNN.
Milei plans to go to the United States next week to participate in another conservative political action conference in the US capital and expected a possible bilateral meeting of the Argentine president with Trump.
This content was originally published in Argentina industry bets on Milei and Trump’s “alliance” against steel rate on CNN Brazil.
Source: CNN Brasil
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