Overview
- Framework agreements with Argentina, Ecuador, El Salvador and Guatemala keep baseline reciprocal tariffs in place—10% for Argentina, Guatemala and El Salvador, 15% for Ecuador—while carving out relief for items the U.S. does not produce in sufficient quantities.
- Officials say the measures are expected to ease prices on coffee, bananas and other foodstuffs, though they offered no specific savings estimates and indicated the deals should be signed within roughly two weeks.
- The frameworks pair tariff carve‑outs with non‑tariff concessions, including acceptance of U.S. standards, streamlined licensing, pledges to avoid digital services taxes, and commitments on labor or environmental practices noted by several partners.
- The Argentina framework references tariff relief on some beef products, drawing concern from U.S. lawmakers and ranchers; the White House signaled lower duties without raising the existing import quota.
- Brazil remains outside the relief with a 50% tariff, while a separate deal with Switzerland is being unveiled to reduce its tariff rate to about 15% following talks in Washington.