US Tariff Relief Expands to More Latin American Goods
The United States confirmed new US tariff relief on selected imports from Argentina, Ecuador, Guatemala, and El Salvador. Officials said the move will support fair pricing and expand market access for US businesses. The decision also aims to lower everyday food costs for consumers.
A senior administration official briefed reporters on Thursday. They said the change should reduce the cost of products like coffee and bananas. In addition, the government expects retailers to pass these savings to shoppers.
Trade Shifts
US officials plan to finalise the framework agreements within two weeks. However, they also hinted at more deals before the year ends. These steps follow Treasury Secretary Scott Bessent’s promise of “substantial” announcements designed to ease living costs.
Earlier this week, Secretary of State Marco Rubio met Brazil’s Foreign Minister Mauro Vieira to discuss a possible US Brazil trade framework. Brazil is the world’s largest coffee exporter, yet its goods face steep US duties. Therefore, any future agreement could reshape trade flows.
Recent election results increased pressure to address affordability. Republican losses in New Jersey, New York, and Virginia highlighted voter concerns about high prices. Economists say import tariffs have influenced these costs, which has intensified debate in Washington.
The New York Times reported that the administration may consider more exemptions. These could include beef and citrus from countries without trade deals. A White House spokesperson did not comment on the report.
Regional Response
Talks with Switzerland, Taiwan, and several Latin American nations also progressed. Officials suggested that more agreements could be reached soon. The four countries named in Thursday’s announcement welcomed the developments and expressed optimism about trade growth.
Under the new framework, most goods from Argentina, Guatemala, and El Salvador will keep a 10% tariff. Ecuador will face a 15% tariff because of the existing trade deficit. However, products not produced in the United States will receive tariff removal. For example, items like Ecuadorian bananas and coffee will enter duty free.
The agreements resemble recent deals made with Asian partners. They include commitments to avoid digital services taxes and remove tariffs on US exports. Leaders from Argentina, El Salvador, Guatemala, and Ecuador all praised the progress. They said the agreements would strengthen investment, trust, and long-term cooperation.
