The Trump administration said Thursday that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala. According to a report from Yahoo Finance, the frameworks are about increasing the ability of U.S. firms to sell industrial and agricultural products in these countries. A senior administration official provided this information on condition of anonymity during a briefing call with reporters.

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The White House released statements on the frameworks, which have yet to be finalized and are expected to be signed within roughly two weeks. The frameworks touch on an array of subjects, including efforts to reduce nontariff barriers and cut tariffs to 0% on American-made goods as well as commitments to not impose digital services taxes on U.S. companies. There would also be tariff relief on select products from these countries.

Import licenses in these countries would be eliminated and streamlined, while nations would agree to resolve issues on intellectual property rights. Under tariffs previously announced at the end of July by President Donald Trump, goods imported from Argentina, El Salvador and Guatemala are taxed at 10%, as the U.S. runs a trade surplus with each of those countries. Products from Ecuador, with which America runs a trade deficit, are taxed at 15%.

Guatemala President Bernardo Arevalo called the framework “good news” and said his country would be in a position to attract new investments. He said that 70% of the products Guatemala exports to the U.S. will face zero tariffs under the framework, as exclusions are granted for goods the U.S. is unable to make. All other goods would still be subject to the 10% tariff.

The U.S. senior administration official said that tariffs in these nations could be reduced on coffee, cocoa and bananas. Treasury Secretary Scott Bessent and President Trump have each suggested that the tariffs are being relaxed as affordability issues are a key concern for U.S. voters.

Source: IndexBox Market Intelligence Platform