The president of the United States, , will lower tariffs on several imported foods – including bananas, coffee, beef and citrus fruits – from countries such as Argentina, Ecuador, El Salvador and Guatemala. The White House has presented this measure as part of a strategy to try to mitigate the rise in the cost of life in the country, a key problem in the United States, especially after the Republican defeats in the New York elections.
In exchange, these nations will further open their markets to certain American products. “The agreements guarantee commitments on economic and national security to strengthen supply chains and trade alliances in the region, deepening bilateral cooperation in trade and investment to provide US exporters with unprecedented access to Central and South American markets,” the White House highlighted in a statement.
The Secretary of the Treasury, Scott Bessent, had already announced that discounts would be announced for foods that the United States does not grow, which, according to his defense, “it will cause prices to drop a lot.” Even so, some tariffs will remain in force: 15% for Ecuadorian products and 10% for those from Argentina, Guatemala and El Salvador.
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