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The U.S. and four Latin American nations agreed to cut tariffs and trade barriers to boost exports and lower consumer prices.
The Trump administration has established trade frameworks with Argentina, Ecuador, El Salvador, and Guatemala to boost U.S. exports by reducing tariffs and eliminating non-tariff barriers.
The agreements, pending finalization and expected to be signed within two weeks, include zero tariffs on certain American goods, elimination of import licensing, and prohibitions on digital services taxes.
While 10% tariffs remain on most imports from Argentina, El Salvador, and Guatemala, and 15% on Ecuador, targeted relief is expected for products like coffee, cocoa, bananas, and beef.
Guatemala will see 70% of its exports to the U.S. become tariff-free.
The move aims to lower consumer prices and strengthen economic ties, with leaders from all four nations welcoming the deals.
Los Estados Unidos y cuatro naciones latinoamericanas acordaron reducir aranceles y barreras comerciales para impulsar las exportaciones y reducir los precios al consumidor.