AmCham: they state that Argentina can benefit from the new U.S. tariffs.

The recent decision by Donald Trump's administration to impose a base tariff of 10% on all imports, in addition to surcharges of up to 50% for more than 60 countries, is changing the global trade landscape. In this new context, Argentina could emerge stronger, as long as it manages to turn its comparative advantages into a smart and sustained trade integration strategy. This is the view of a report by the United States Chamber of Commerce in Argentina (AmCham), which highlights how the reconfiguration of global value chains and the nearshoring and friendshoring policy promoted by Washington open a concrete window of opportunity for the country. New rules, new players The tightening of U.S. tariffs, justified on judicial, national security, and trade defense grounds, affects even its traditional allies. This transformation causes trade distortions, redirection of investment flows, and geopolitical pressures. In this scenario, Argentina is positioned to offer itself as a reliable supplier of raw materials, services, and innovation.

According to AmCham, the country's competitive advantages —such as its capabilities in agribusiness, renewable energy, biotechnology, and oil & gas— position it strategically. However, they emphasize that for this potential to be realized, it is necessary to move forward with structural reforms that guarantee stability, legal certainty, and access to international markets. Sectors with high export potential A study by consulting firm ABECEB identifies four key sectors that could lead Argentina's export leap by 2033: - Agribusiness: with advances in AgTech and FoodTech, it could exceed USD 43 billion in exports. - Oil & Gas: driven by Vaca Muerta, it has the potential to multiply its external sales sevenfold, reaching USD 36 billion. - Digital transformation and innovation: with an expanding technology ecosystem, it could generate USD 33 billion. - Mining: lithium and copper could quadruple current exports, reaching USD 16 billion. This projected growth —exceeding USD 128 billion annually in total— would mark a structural change in the country's economic matrix, according to AmCham. The necessary reforms To capitalize on this opportunity, the report insists on five essential pillars: - Macroeconomic stability - Strong institutions - Legal certainty - Smooth access to the capital market - Reduction of country risk

In addition, five key challenges are identified that Argentina must address to attract investment and scale up its export capacity: - Guarantee free access to the foreign exchange market for the remittance of dividends and debt payments. - Reduce tax pressure through comprehensive reform. - Stabilize the regulatory framework by avoiding pendulum changes. - Develop logistics and digital infrastructure. - Modernize the labor regime, adapting it to new productive realities. AmCham concludes that the international context —more fragmented and challenging— requires an ambitious transformation agenda that includes investment incentives, tax benefits, bilateral agreements with zero tariffs, and international regulatory standards. Argentina facing a global opportunity In a world that is redefining its trade relations, Argentina has strategic assets and talent to position itself as a relevant player. The challenge lies in building a competitive environment that allows the country to take advantage of this new global order. With a long-term vision, clear rules, and smart openness, the country can turn the adversity of the context into a boost for development.