So… Trump’s new tariff scheme kicked in Friday, and guess what? Uruguay and Argentina somehow ended up in the “low damage” category with just a 10% surcharge.
That’s way less than Brazil’s brutal 50%, Canada’s 35%, or even the “standard” 15% that most countries got.
Uruguay’s president says 10% isn’t “ideal,” but it’s still a manageable hit and might even open up some new opportunities. Argentina’s Milei, on the other hand, was hoping for exemptions, especially for steel and aluminum, but no luck.
What’s wild is some countries are getting hammered: Syria 41%, Switzerland 39%, South Africa 30%… ouch.
Do you think 10% is still too much? Or is this actually a decent outcome in today’s trade war climate?
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That’s way less than Brazil’s brutal 50%, Canada’s 35%, or even the “standard” 15% that most countries got.
Uruguay’s president says 10% isn’t “ideal,” but it’s still a manageable hit and might even open up some new opportunities. Argentina’s Milei, on the other hand, was hoping for exemptions, especially for steel and aluminum, but no luck.
What’s wild is some countries are getting hammered: Syria 41%, Switzerland 39%, South Africa 30%… ouch.
Do you think 10% is still too much? Or is this actually a decent outcome in today’s trade war climate?
US tariffs: Argentina and Uruguay charged only 10%
As the new tariffs scheme established by US President Donald Trump became effective Friday, Uruguay and Argentina were among the least affected countries, with surcharges of only 10%, a steep difference from Canada's 35% or Brazil's 50% and a default 15% surcharge unless otherwise specified.
