2 hours ago
Last Updated:November 14, 2025, 06:44 IST
The Trump administration said that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala.
US President Donald Trump | Image: File
The Trump administration on Thursday announced that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala, to increase the ability of the US firms to sell industrial and agricultural products in these countries.
The White House also released statements on the frameworks, which have yet to be finalised and are expected to be signed within roughly two weeks. The development came in view of the effort by President Donald Trump to rewrite the rules of global commerce through the use of broad tariffs.
The frameworks touch on an array of subjects, including efforts to reduce non-tariff barriers and cut tariffs to 0% on American-made goods as well as commitments to not impose digital services taxes on US companies.
According to the reports, there will be tariff relief on select products from these countries. For example, import licenses in these countries would be eliminated and streamlined, while nations would agree to resolve issues on intellectual property rights.
Tariffs Imposed On These Countries
Under the tariffs previously announced at the end of July by Trump, goods imported from Argentina, El Salvador and Guatemala are taxed at 10 percent, as the US runs a trade surplus with each of those countries. Products from Ecuador, with which America runs a trade deficit, are taxed at 15 percent.
Guatemala President Bernardo Arévalo called the framework “good news" and said his country would be in a position to attract new investments.
He said that 70 percent of the products Guatemala exports to the US will face zero tariffs under the framework, as exclusions are granted for goods the US is unable to make. All other goods would still be subject to the 10 percent tariff.
Senior officials in the Trump administration said that tariffs in these nations could be reduced on coffee, cocoa and bananas.
(With agency inputs)
The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d...Read More
The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d...
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First Published:
November 14, 2025, 06:44 IST
News world US Announces Trade Frameworks With Argentina, Ecuador, El Salvador, Guatemala
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