The Argentinian government has imposed a tariff on all exports, including steel products, according to a notice published this week at the country’s official gazette. The move aims to help Argentina meet its fiscal goals, following an increased devaluation of the Argentinian Peso (ARS) devaluation and a high public deficit.

Argentina imposed a 12 percent tariff over “all products included in the Mercosur HTS codes.” Argentina said the tariff can not exceed ARS 4 for each USD 1 exported for primary products, and ARS 3 for each USD 1 exported for finished products.

The tariffs are valid until December 2020, the Argentinian government said.