Market uncertainty due to retaliation for US tariff increases

Finally, the Trump administration imposed 10% tariffs on Argentina, on all products our country exports to the United States. This tariff level is at the lowest level and applies to countries considered allies of the American government, such as the United Kingdom, Australia, Uruguay, Brazil, Chile, and Colombia. Our main exports are gold, aluminum, beef, wine, olive oil, honey, lemons, grape must, cane sugar, soybean oil, soybeans, and lithium carbonate. Biodiesel could eventually be exported. This 10% tariff has the same effect as an export restriction and excludes many of our exportable products from the market. The highest tariffs were imposed on China (34%) and the European Union (20%). It remains to be seen what the response or retaliation these two powers will apply. Regarding agricultural commodities such as wheat, soybeans, corn, soybean oil, and soybean meal, the United States is not an importer; in fact, it is the main exporter of these products. We will now have to ...