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U.S., El Salvador sign trade deal locking in tariff exemptions

Summary by insidetrade.com
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Nayib Bukele, President of El Salvador, announced that a bilateral agreement was reached with the United States to eliminate tariffs and promote reciprocal trade between the two nations. Through a statement, the United States government confirmed that this treaty agreed to eliminate tariff measures for industrial and agricultural exports. Nayib Bukele signs agreement with the United States to eliminate tariffsOn Thursday, January 29, President N…

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The governments of the United States and El Salvador signed on Thursday, January 29, the first “reciprocal trade agreement in the Western Hemisphere,” which, among other things, involves the elimination of tariffs to “strengthen US exports and reduce barriers,” according to US President Donald Trump’s administration.

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On Thursday (January 29), Eastern Time, the United States and El Salvador signed a new trade agreement. The agreement will reduce reciprocal tariffs on El Salvador in exchange for El Salvador lowering regulatory barriers to its exports to the United States.

The government of President Nayib Bukele marks a historic milestone by turning El Salvador into the first country in the Western Hemisphere to reach an agreement with the United States to eliminate tariffs on Salvadoran exports. This bilateral agreement eliminates 10% of tariffs on Salvadoran products entering the US market, [...] The post El Salvador is the first country in the hemisphere to reach agreement with the US to eliminate tariffs appl…

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ustr.gov broke the news in on Thursday, January 29, 2026.
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