Argentina-US Trade Talks: Fears of Job Losses in Agricultural Machinery Sector

Argentina and the US are in negotiations to reduce tariffs on Argentine goods. A key point of contention is the import of used machinery, a move that has sparked concern among domestic manufacturers. The Argentine Chamber of Agricultural Machinery Manufacturers expressed worry about job losses in the sector, particularly given the recent strengthening of the Argentine peso, which makes imports more attractive. "The expectation is that we can face this without problems and that it will not affect employment," said Adrián Titarelli, general manager of Crucianelli, a major agricultural machinery manufacturer. However, many Argentine farmers welcome the potential for cheaper machinery from the US. The outcome of these negotiations will have a significant impact on Argentina's economy and its agricultural sector.