Overview
- Most countrywide tariffs stay in place at 10% for Argentina, El Salvador and Guatemala, with Ecuador at 15%, according to senior officials.
- The U.S. will drop duties on select imports not produced in sufficient quantities domestically, with officials citing coffee, bananas and cocoa as examples.
- Partners pledged to open markets to more U.S. agricultural and industrial goods by reducing non-tariff barriers, streamlining import licensing, and refraining from digital services taxes on U.S. companies.
- Fact sheets highlight steps such as Argentina easing red tape for U.S. meats and dairy, and Ecuador lowering duties on farm goods and accepting U.S. auto, medical device and pharmaceutical standards.
- The frameworks are not yet finalized, with signing targeted within roughly two weeks, as the administration pitches the deals as helping affordability and leaders in the four countries publicly welcome them.