US EditionU.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
The framework deals aim to open Latin American markets to U.S. goods while reducing tariffs on key imports like coffee and bananas, potentially lowering prices for American consumers.
- The United States announced framework trade agreements with Argentina, Ecuador, El Salvador and Guatemala to remove tariffs on some food imports and provide greater market access for U.S. firms.
- The deals are expected to lower prices for items like coffee and bananas, with anticipated benefits to be passed on to American consumers.
- The framework agreements will maintain tariffs of 10-15% on most goods from these countries, while removing duties on products not produced in the U.S.
127 Articles
127 Articles
By EFE - The United States announced several trade agreements Thursday that will reduce tariffs on goods imported from Argentina, El Salvador, Ecuador, and Guatemala, four Latin American countries with which the Trump administration enjoys good diplomatic relations. The agreement between the U.S. and Argentina stipulates that the Trump administration will eliminate some of the so-called "reciprocal tariffs" of 10% that the U.S. has applied since…
High prices for coffee, cocoa or bananas cause resentment in the American population. President Trump therefore lowers tariffs for some supplier states – but not without consideration.
Coffee prices in the United States have increased by 20 percent this year.
The U.S. President Donald Trump's administration announced this Thursday that it would abolish tariffs on certain food goods under agreements that would give the U.S. wider access to food products.
Certain food products from Argentina, Ecuador, Guatemala and El Salvador are to be abolished. The US President negates the negative impact of his previous customs policy on inflation.
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