President Javier Milei’s government has enacted a bold reform by temporarily eliminating export taxes (retentions) on aluminum, steel, and their derivative products. The measure is set to be effective through December 31, 2025—or earlier if importing countries lower tariffs below 45%.

This reform targets exports destined for nations that currently impose high protectionist tariffs of 45% or more. By setting the export tax to 0%, the administration aims to restore competitiveness to strategic industrial sectors and reclaim lost market share abroad.

The measure authorizes duty-free treatment only for goods meeting certain technical classifications—such as steel sheets, aluminum bars and profiles, tubes, and other forms—exported under the specified conditions. It is positioned as part of Milei’s broader agenda to open trade, reduce distortions, and prioritize value-added industry.

Politically, this decision sends a clear message: the Milei government is willing to back its reform narrative with concrete incentives. It underscores his commitment to freeing industry from burdensome taxes and rallying support from major export sectors ahead of key political contests.