IBOV 187,206.89 ▼ 0.56% IPSA 11,220.10 ▼ 0.16% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 ▼ 0.32% USD/BRL5.13▲ 0.40% USD/MXN16.96▼ 0.14% USD/CLP941.13— 0.00% USD/COP3,077▼ 1.03% USD/PEN3.35▲ 0.03% USD/ARS1,509▼ 0.28% USD/UYU40.26▲ 3.12% USD/PYG5,903▲ 3.23% USD/BOB11.98▼ 2.70% USD/DOP58.96▲ 0.79% USD/CRC447.55▲ 1.57% USD/GTQ7.63▲ 2.98% USD/HNL26.85▲ 0.57% USD/NIO36.62▲ 2.58% USD/VES830.41▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.35% EUR/BRL5.95▲ 0.25% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 187,206.89 ▼ 0.56% IPSA 11,220.10 ▼ 0.16% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 ▼ 0.32% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Saturday, September 12, 2026

Peru Asked Rubio About Its Tariffs and Was Told It Was Not His Department

By · September 12, 2026 · 4 min read

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PERU · TRADE

Key Facts

  • The request President Keiko Fujimori asked the United States to reconsider tariffs on Peruvian exports.
  • The rate 12.5 percent.
  • The argument The existing bilateral free trade agreement, and the economic effect of El Niño.
  • Who she asked Secretary of State Marco Rubio, during his South American tour.
  • The answer Rubio said it was not within his remit, though he undertook to pass the request on.
  • What that means Trade policy sits with the United States Trade Representative and the White House, not the State Department.

Peru asked the wrong department, and got told so politely.

President Keiko Fujimori of Peru
Peru Asked Rubio About Its Tariffs and Was Told It Was Not His Department
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President Keiko Fujimori raised a 12.5 percent United States tariff on Peruvian exports with Secretary of State Marco Rubio during his visit to Lima, and was told the matter lay outside his responsibilities.

What Was Asked

Fujimori put the request during Rubio’s South American tour, which took in Peru around 10 and 11 September. Her argument rested on the bilateral free trade agreement in force between the two countries and on the economic damage El Niño is inflicting on Peruvian agriculture and fisheries.

Her own account of the answer, as reported, is that Rubio said it was not a matter within his competence, while undertaking to forward the request to the appropriate official.

United States Secretary of State Marco Rubio
Rubio said tariffs were not within his competence.

Why That Answer Is Technically Correct

United States trade policy runs through the Office of the United States Trade Representative and, on tariffs imposed under emergency or national-security authorities, through the White House directly. The State Department is not the decision-maker.

That does not make the answer helpful. A secretary of state touring the region to build security alignment is precisely the person a partner government would expect to carry a trade grievance home.

The exchange illustrates the asymmetry in what is on offer. Washington is asking for security cooperation, which the State Department can deliver, and Lima is asking for tariff relief, which it cannot.

The government palace in Lima
Peruvian exports rose 33 percent in the first seven months of 2026.

The Wider Frame

Peru joined the Escudo de las Américas security coalition earlier in September, which was the concrete outcome of the visit from the American side.

Peru’s exports grew 33 percent to US$63.5 billion in the first seven months of 2026, driven overwhelmingly by copper and gold, neither of which is the target of the tariff in question.

The tariff bites on the processed and agricultural exports that Peru has spent two decades diversifying into. That is the part of the export basket with employment attached, which is why Lima is raising it at every available level.

What the Tariff Actually Hits

Peru’s export basket divides sharply. Copper and gold, which made up roughly 60 percent of exports in the first seven months of 2026, sell into global markets on price rather than on trade preference.

The tariff bites on the other part: textiles, agricultural produce, processed foods and the value-added exports Peru has spent two decades building precisely because they carry employment that mining does not.

That is why Lima raises the issue at every available level, and why a 12.5 percent duty matters more politically than its share of export value suggests.

The Free Trade Agreement Argument

The United States and Peru have had a trade promotion agreement in force since 2009, which eliminated tariffs on the great majority of bilateral trade.

Tariffs imposed outside that framework, under emergency or national-security authorities, sit awkwardly alongside it. Peru’s argument is that the agreement should govern and the measure should not apply.

That argument has been made by a number of trading partners with existing agreements, with limited success. The authorities used to impose the measures are domestic and do not, in the United States government’s own reading, require the agreement to be renegotiated first.

Which returns the matter to where Rubio left it: a decision for the trade representative and the White House, and not a diplomatic question at all.

Frequently Asked Questions

What did Peru ask for?

A review of a 12.5 percent United States tariff on Peruvian exports.

Who did President Fujimori ask?

Secretary of State Marco Rubio, during his visit to Lima on 10 and 11 September 2026.

What did he say?

That it was not within his competence, though he said he would pass the request on.

Who does decide United States tariffs?

The Office of the United States Trade Representative and the White House, not the State Department.

What did the United States get from the visit?

Peru joined the Escudo de las Américas security coalition earlier in September.

Sources: RPP, Prensa Latina, CNN en Espanol.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error

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