Government will reduce tariffs on imports of refrigerators, washing machines and tires

Report by Liliana Franco.-

The La Libertad Avanza (LLA) official explained each of the items that will reduce their import tariffs with decreases that even reach 35%:

• “Refrigerators and washing machine: from 35% to 20%. “This way they will once again have the tariff that the Mercosur member countries share.”
• “Tires: from 35% to 16%. This will represent a relief for freight and people transportation companies.”
• “Main plastic inputs: from 12.6% to 6%. “Less cost, favorable impact for consumers who demand the various goods manufactured with plastic inputs (ranging from food packaging and personal hygiene products to household appliances and toys).”

“This means better prices and a higher level of competition in the market that will benefit us all. The step is firm. Good weekend,” Adorni said after announcing the reductions in tariffs.

Government seeks to unify the level of tariffs

As explained by specialists and as Ámbito was able to confirm, the measure to reduce the import stocks seeks to impact market competitiveness and has as its main objective the unification of the level of tariffs.

Sources from Casa Rosada told Ámbito that “the reduction of tariffs is in any case a slow process because there is not much room to lower tariffs due to the Mercosur agreement, the government clarifies.”

“Tariffs are lowering. Beyond a gradual reduction, It would be important to first unify the level of tariffs. Example: 10% for everything. And from then on go down 1% per year. This is how I understand Chile did it. In 10 years it was a country without tariffs and along the way it avoided distortions,” explains economist Adrián Ravier.

The Government and the reduction of tariffs

A week ago, the Government had announced a reduction in taxes and import tariffs for the automotive sector, with the aim of improve competitiveness and boost growth, announced the Minister of Economy, Luis Caputo, through the social network X.

Currently, this sector It has 10% of the total industrial production and generates more than 75 thousand jobs.

The minister also said that “The exemption from export duties for incremental exports that was in force since 2021 will be maintained and the Stock Replenishment (Repostock) regime will be systematized and digitalized.”

These measures “They will allow suppliers to sell parts to the terminals with a reduction in tariffs and taxes and will generate a drop in the cost of national auto parts destined for export.”