US imposes aluminum tariffs, Argentine aluminum industry is impacted, trade tensions may intensify

**********US President Trump recently announced an increase in tariffs on imported aluminum from 10% to 25% without exception, aimed at protecting the domestic aluminum industry but also raising concerns among trading partners. Argentina is one of the largest aluminum exporting countries in South America, while the United States is one of the largest aluminum consuming countries in the world. Although Argentina's aluminum exports to the United States account for less than 4%, policy changes still attract high attention from the country's political and business circles.

Ignacio Torres, the Governor of Chubut Province in Argentina, expressed dissatisfaction with this and called Trump's tariff adjustments "meaningless". Torres emphasized, "We must safeguard Argentina's employment, industry, and especially Aluar, which has just announced an investment of over $600 million to build a wind farm in the province

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President Millet plans to visit the United States from Thursday to Saturday, where he will meet with Tesla CEO Elon Musk and the Managing Director of the International Monetary Fund (IMF), and attend the Conservative Political Action Conference (CPAC) alongside President Trump.

Although Argentine officials have not yet confirmed whether Miller will formally raise the tariff issue during his visit, Torres revealed that the Argentine government has communicated with its trade secretary and the US Embassy in Argentina regarding this matter. This indicates that Argentina is actively seeking dialogue with the US to reduce the impact of new tariffs on its aluminum industry.

While facing the pressure brought by the US tariff policy, the Argentine government is also promoting investment in the new energy industry to find new economic growth points. Torres discussed a bill with Guillermo Franco, the Chief Minister of the Argentine Cabinet, that could attract over $10 billion in investment.

The bill is called the "Green Hydrogen Law" and aims to attract foreign investment into Argentina's renewable energy sector. Among them, Polish company Green Capital has expressed interest in Argentine wind energy projects and plans to invest in large-scale wind power projects in Chubut Province.

The Argentine government hopes to balance the impact of international trade fluctuations on the domestic economy and enhance its competitiveness in the global supply chain by expanding investment in clean energy.

Editor's viewpoint:

The adjustment of tariffs on aluminum products by the United States has once again intensified global trade concerns. For Argentina, although its proportion of aluminum exports to the United States is not high, this policy may still put pressure on the future investment plans of domestic aluminum company Aluar. In addition, the Mile government is attempting to promote investment in new energy to reduce reliance on a single industry and alleviate the negative impact of trade.

However, against the backdrop of slowing global economic growth and increasing trade barriers, Argentina's industrial adjustment will face more challenges.