led by the US government Donald Trump will eliminate tariffs mutual For certain products, following agreements signed this week with four countries. The White House said the measure would mean “broader access to markets,” resulting in Prices of certain Latin foods may fall within the territory of North America.
President Trump signs agreements with governments of Guatemala, El Salvador, Argentina, and Ecuador On Thursday, November 13, the two administrations agreed to open their markets to American products in exchange. Mainly reduction of export tariffs on agricultural products.
In this way, you can be sure food Beef, coffee, bananas, citrus fruits, etc. Prices may soon come down in this region.
In the official statement, The White House emphasized that the agreement signed by President Trump: with the latino government “They guarantee commitments from an economic and national security perspective to strengthen supply chains and trade alliances in the region.”
In that sense, Workers in agriculture, animal husbandry, fishing, and small and medium-sized enterprises And U.S. manufacturers will likely see an increase in exports to the United States.
In a statement to AFP highlighted by france 24said federal officials. Products arriving in the United States are typically subject to a 10% customs duty. Countries from Guatemala, El Salvador and Argentina will receive “no change” except for the reduction they will receive on certain quantities of goods. The same thing would happen with a 15% tax on Ecuador.
The exemption applies to: Products not grown in the territory of North America. The value of certain foods may decrease as a result of the reduction or elimination of tariffs.
In an interview with fox news The announcement was made by the Chancellor of the Exchequer on Wednesday 12 November. Scott Bessent expected that to be the case. the price of the product will fall The main purpose of the agreement that President Trump signed with four countries is “very quickly.”
The official was referring to foods that are not grown in the United States. coffee, bananas and other fruits.
Regarding the president’s agreement, US and Guatemalan governmentswith Bernardo Arevalo. el salvadorwith Naib Boucle. Argentinawith Javier Millay. and ecuadorwith Daniel Novoa. The official stated the following to the aforementioned media: “It is expected to be completed within the next two weeks.”.
Similarly, he also President Trump’s tariff policy.
Guatemala’s president described the deal with the United States as a “historic agreement” and said the Latin nation “Advancing growth and economic development”.
In that respect, Bukele wrote the word “friend” next to the agreement. In his X profile, as a gesture to celebrate his tax agreement with the American president.
About The Author
