The United States and Argentina, Ecuador, Guatemala, and El Salvador reached a consensus on the framework of a trade agreement

On November 13, the White House announced that it will lift tariffs on some food and other imported goods from Argentina, Ecuador, Guatemala, and El Salvador under a framework agreement, particularly products in which the United States has insufficient production. This means the relevant agreements are expected to help lower the prices of coffee, bananas, and other foods, thereby reducing the cost of living for American citizens. Under the new framework, most countries will retain baseline tariffs, but specific products will receive exemptions. 
The statement indicates that in countries with which the United States has a modest trade surplus, such as El Salvador, Guatemala, and Argentina, the framework agreement will maintain a 10% tariff on most goods. For Ecuador, with which the United States has a trade deficit, imports will remain subject to a 15% tariff, but targeted reductions will apply to specific products like bananas and coffee. In exchange, these partner countries commit to opening their markets to U.S. agricultural and manufactured products. Additionally, these agreements encourage the involved countries to pursue reforms in areas such as digital services taxes, regulatory transparency, stronger intellectual property protection, and the elimination of non-tariff barriers. A Trump administration official stated that most of these countries are expected to finalize the framework agreements within the next two weeks, and more agreements may be reached by the end of the year.

From: https://www.reuters.com/world/us/us-remove-tariffs-some-products-ecuador-argentina-guatemala-el-salvador-2025-11-13/

Written by Mario