Overview
- An executive order signed Friday, retroactive to Thursday, exempts or lowers reciprocal tariffs on selected agricultural imports, including beef, coffee, bananas and tomatoes.
- Non‑binding frameworks with Argentina, Ecuador, Guatemala and El Salvador keep baseline duties in place—10% for Argentina, Guatemala and El Salvador, and 15% for Ecuador—while carving out specified products.
- Officials say retailers should pass savings to consumers, but the price impact remains uncertain and 50% U.S. tariffs on Brazilian goods, a key coffee source, are unchanged.
- The agreements also include commitments to expand access for U.S. agricultural and industrial exports and to refrain from digital services taxes on U.S. companies.
- Ranchers and a bloc of Republican lawmakers object to increased Argentine beef access, even as the administration targets final texts for the frameworks within about two weeks.