Seven months after imposing restrictions on most countries and sparking the biggest trade war in recent history, US President Donald Trump has set out to modify some of his decisions. Argentine beef’s access to the U.S. market was significantly expanded mid-Saturday if it reached an agreement with Switzerland that would reduce the average increase from 39% to 15% (in return it would also receive privileged access to lawsuits and soybeans).The Ecuadorian government would significantly expand its access to the U.S. market if the Swiss pharmaceutical research institute (the largest of Roche and Novartis) invested millions of dollars to set up production plants in the U.S. and elsewhere in Argentina. Promote the abolition of the 15% balance within 105 years.
“Some agricultural products and products of natural origin, especially those that are produced infrequently on the American market, will be exempted from mutual restrictions from November 13, 2025. These include coffee, cocoa, piña, mango, pitahaya, other tropical fruits, fruit yoke, spices, bananas, palm hearts, platanos, oranges, tomatoes, etc.,” said a statement from the Ministry of Production, Foreign Trade and Investment.
A decision similar to the one adopted regarding beef purchases in Brazil. The forced increase in Brazilian meat purchases coincided with a significant reduction in U.S. beef cattle, causing unprecedented cost increases. U.S. food prices have risen 3% annually since September, the highest rate of increase since then, with the most notable increases being for coffee (18.9% during the sweet season), ground meat (12.9%) and bananas (6.9%). Agreements with Argentina, Brazil and Ecuador seek to reduce import bills and lower prices for basic foodstuffs.
Similar to what happened in other countries, the imposition of advance payments was an attempt to reduce the world leader’s huge trade deficit (minus the difference between exports and imports of goods), which amounted to $1.2 billion by early 2024. However, President Trump did not consider that these severe upfront fees could indirectly make it more expensive to purchase products not grown in the United States and directly impact Americans’ pockets through inflation.
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