The US Sanctions Argentina and Raises Tariffs on the Import of Concentrated Grape Juice
Grape Juice
Argentina
United States
Regulation & Compliances
Dario Parlascino
Published Nov 5, 2022
The US Department of Commerce received a complaint against Argentina for alleged "dumping and subsidies". According to the complaint, the Argentine Government subsidized the activity making Argentinian concentrated grape juice more competitive than other origin products due to the government subsidy creating a lower price than the market average. The US import tariff for grape juice concentrate was raised at different rates for each Argentinian supplying company. These tariff raises varied between 12.21-30.33%, but for most companies, the import tariff was set at 21.42%. This sanction worries Argentinian producers as the US represents 40% of the total grape juice concentrate export. Although the measure is preliminary, short and medium-term plans are under analysis to try to control the effect of the tariffs on the industry.
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