The US has announced framework trade deals with Argentina, Ecuador, Guatemala and El Salvador as the Trump administration pushes to reduce food prices for American consumers.
A senior administration official said on Thursday that while the reciprocal tariffs of between 10 per cent and 15 per cent would remain on most goods imported from the four countries, they would be removed on selected goods.
“You will see, for Ecuador for example, bananas is something they want to ship to us, so we expect tariffs will come off bananas,” a senior administration official said. They also suggested that levies could be reduced on other goods, such as coffee.
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