The White House has announced that it has reached framework trade agreements with Ecuador, Guatemala, El Salvador, and Argentina to lower tariffs on select goods, including coffee and beef.
These deals are expected to boost market access for U.S. exports as well as provide tariff relief for imports from these Latin American partners. According to statements released on November 13, officials detailed that the frameworks will also open the door to greater bilateral agricultural and industrial trade, with final agreement terms expected within weeks.
Under the new arrangements, tariff rates for products imported from Argentina, El Salvador, and Guatemala are set at 10%, while Ecuador’s imports will face a 15% rate. Nearly 70% of Guatemala’s exports to the United States will become tariff-free under the framework, with similar exclusions expected for non-U.S.-produced goods such as coffee and bananas from Ecuador.
These agreements also establish improved market access for beef, various agricultural goods, and manufactured products, along with commitments on digital trade, labor laws, and strengthened economic cooperation.
The administration has presented the deals as a win for U.S. consumers and farmers, emphasizing the prospect of lower prices and stronger regional ties. Partner countries welcomed the frameworks, anticipating increased investment and trade volumes. As the final details are negotiated, both officials and industry observers expect significant changes in supply chains, market regulations, and consumer options between the U.S. and these four Latin American nations.
