Overview
- Baseline reciprocal tariffs largely stay in place—10% on most goods from Argentina, Guatemala and El Salvador and 15% for Ecuador—while select items the U.S. doesn’t produce in sufficient quantities, such as coffee and bananas, are slated for tariff relief.
- The frameworks are non-binding and expected to be finalized and signed within about two weeks, according to officials and joint statements released Thursday and Friday.
- Partner countries commit to open markets for U.S. agricultural and industrial products and to reduce non-tariff barriers, with pledges that include accepting U.S. auto standards, easing product registrations, strengthening IP enforcement and forgoing digital services taxes.
- Argentina’s framework highlights reciprocal steps on meats and broader U.S. export access; officials indicated some tariff relief for certain Argentine beef items, though specifics like quotas remain unsettled in public reporting.
- The administration says the deals aim to ease grocery costs for items like coffee, cocoa and bananas, while critics—including some ranchers and lawmakers—warn about beef import impacts and the Supreme Court’s review of the tariff authority adds legal uncertainty.