Some tariffs on foods and other imports from Argentina, Ecuador, Guatemala, and El Salvador will be removed under framework agreements that give U.S. firms greater market access, the United States said on Thursday.
The agreements are expected to help lower prices for coffee, bananas and other foodstuffs, a senior Trump administration official told reporters, adding the administration expected U.S. retailers to pass on the positive effects to American consumers.
The framework deals with most of the four countries should be finalised within the next two weeks, the official said, with additional agreements seen as possible before the end of the year.
Officials in Argentina, El Salvador, Guatemala and Ecuador welcomed the deals.
The framework agreements announced on Thursday would maintain 10% tariffs on most goods from El Salvador, Guatemala and Argentina, where the U.S. had modest trade surpluses, and 15% for imports from Ecuador, where the U.S. had a trade deficit.
But they will result in the removal of U.S. tariffs on a number of items that are not grown, mined or produced in the United States, the official said, listing as examples bananas and coffee from Ecuador.
Argentine Foreign Minister Pablo Quirno said the deal framework would "create the conditions" to boost U.S. investment in Argentina, thanking Argentina's libertarian President Javier Milei for his "conviction" around the agreement.
El Salvador President Nayib Bukele, another outspoken Trump ally, shared the announcement on X, captioning it "friends."
Bukele's Guatemalan counterpart, Bernardo Arevalo, said the deal was good news for Guatemala's economy. The agreement "places us as an even more competitive and more attractive country for investment," Arevalo said in a video on social media.
The government of Ecuadorean President Daniel Noboa, who has allied himself closely with the Trump administration on anti-narcotics and migration efforts, also cheered the deal, saying in a statement on social media that it would boost the country's export sector.
U.S .President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying ...
A drone hit a petrol station in Ukraine's capital of Kyiv early on Tuesday, Mayor Vitali Klitschko said on the...
Every day since a torrent of mud and rocks destroyed a Nepal-China border crossing high up in the Himalayas last m...
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
A Kyiv-Warsaw train was struck near the Polish border, Ukraine's state railway firm said on Sunday. No passengers were injured. Ukrainian Railways said that the country's railways were facing systematic attacks for a second day and warned of widespread delays.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
Swedes vote in an election on Sunday (13 September) that could see the far-right enter government for the first time if the country's right-wing parties can form a majority.
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign policy chief Kaja Kallas said an attack on a train near the Polish border was an attempt to intimidate Ukraine's allies.
A drone hit a petrol station in Ukraine's capital of Kyiv early on Tuesday, Mayor Vitali Klitschko said on the Telegram messaging app, adding that there was also a strike on warehouse facilities in another part of the city.
Every day since a torrent of mud and rocks destroyed a Nepal-China border crossing high up in the Himalayas last month, Arushi Gupta's parents have called and messaged their missing daughter hoping she somehow survived.
Foreign ministers of Cambodia and Thailand delivered opening statements on Tuesday at the first meeting of a UN arbitration process to resolve a long-running maritime dispute between the two Southeast Asian neighbours.
A federal judge has halted a Trump administration immigration policy that would have significantly changed how long foreign students, exchange visitors and international journalists can remain in the United States.
Danish Prime Minister Mette Frederiksen has expressed cautious optimism about ongoing discussions with the United States regarding Greenland, signalling that Copenhagen believes a cooperative solution can be reached despite years of political tensions surrounding the strategic Arctic territory.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment