Some companies already have begun to anticipate the Argentine government's tariff cut, with discounts being offered on the Ford Mustang, among other vehicles. File Photo by Kamil Krzaczynski/EPA
BUENOS AIRES, June 11 (UPI) -- Argentina is preparing to partially open its automotive market to vehicles manufactured in the United States -- a move that could expand the range of models available to consumers and deepen President Javier Milei's economic liberalization agenda.
The plan would allow up to 10,000 vehicles a year to enter Argentina without paying the 35% tariff currently applied to most automobiles imported from countries outside Mercosur, the South American trade bloc that comprises Argentina, Brazil, Paraguay and Uruguay.
The government is finalizing details of the initiative, which local media reports say could be announced in August. If implemented, it would mark one of the most significant changes to Argentina's automotive trade policy in recent years.
Industry analysts said the impact is likely to be more noticeable in vehicle prices than in sales volumes.
