last 90 days, maybe longer than 90 days, is that because of the purchasing power that has been augmented by Cactus International, the combined entities, yeah, the combined entities, Cactus International and Cactus, we're getting even better pricing out of China. So even post tariffs. China is becoming considerably more attractive for us. You know, at the end of the day, it's all good. China's costs will go down, and we also believe that Vietnam's costs will chip in as well because of the lower. So, the tariff in Vietnam is 50. The tariff in China is 75.
But I can't really quantify that for you.
That's helpful. I appreciate it. I will turn it back. Thanks, guys. Congrats. Thank you.
Thank you. One moment for our next question. Our next question comes from Jeffrey LeBlanc from TPH. Your line is now open.
Jeff, how are you doing? Good. How are you? Good. I wanted to see if you could talk about Latin America and Argentina specifically and whether you think it represents a greater opportunity for pressure control or spoolable technology.
I didn't hear you very well. Jeff, can you speak up?
Sure. I'm sorry. I wanted to see if you could talk about Latin America and Argentina more broadly, and whether you think it represents a greater opportunity for pressure control or spoolable technologies moving forward?
Well, I would say that the opportunities in Latin America have already begun to crystallize for FlexSteel. And the awards are large, so we're just now beginning to experience some inquiries from Latin America for pressure control, but I think that places like Venezuela offer a lot of upside because we have so much installed base between Betco Gray, the old Ingram Cactus, and Wood Group, so that I think we're anticipating quite a bit of activity for pressure control as well. Argentina is a U.S. unconventional market. And while we haven't done anything in Argentina yet, clearly it has potential. But Argentina still doesn't have that many rigs. And if you had all the business, it wouldn't be like the U.S. But I think it could be significant for us so we're not there yet we're not approved but obviously we'd be foolish not to look at Argentina so think about Venezuela for pressure control primarily and I really can't quantify which segment has the greater upside but the greatest near term upside is going to be reflect with our our spoolable technology okay thank you very much I'll hand the call back to the operator this concludes the question and answer session I would now like to turn it back to Scott Bender chairman and CEO for the closing remarks all right thank you operator thank you to all who participate in today's call we we appreciate your interest your continued interest and look forward to talking to you soon have a good day thank you for participation in today's conference this If this does conclude the program, you may now disconnect.
