Argentina’s Milei lowers key import tariff to cool inflation

Economy Minister Luis Caputo announced it would lower a levy known as the PAIS tax on imports from 17.5% to 7.5%. — Bloomberg

BUENOS AIRES: Argentina is lowering a key import tariff in an effort to further cool inflation as President Javier Milei weighs the trade-offs between economic targets often at odds.

Economy Minister Luis Caputo announced it would lower a levy known as the PAIS tax on imports from 17.5% to 7.5%.