COSTS COMING DOWN! Trump Makes ‘Breakthrough Trade Deals’ to Lower Food Costs

A full-court trade push — and a major hemispheric win for Trump.

President Donald Trump locked in “breakthrough trade deals” with Argentina, Ecuador, El Salvador, and Guatemala, the White House announced Thursday. The agreements promise “more streamlined market access” for the United States and its Western Hemisphere partners.

The deals carry economic and national security commitments.

The White House says it will give American companies wider access to Central and South American markets. A senior Trump administration official told Reuters the agreements will lower tariffs on some food products. That could reduce prices on items like coffee and bananas. Finalized frameworks are expected within two weeks.

The announcement came shortly after Treasury Secretary Scott Bessent said the administration was working to give Americans relief at the grocery store. His remarks were a rare acknowledgment that Trump’s tariffs have caused pain in some cases.

“These deals secure commitments on economic and national security issues to strengthen supply chains and trade partnerships in the region, deepening bilateral trade and investment cooperation to provide American exporters with unprecedented access to markets in Central and South America,” the White House said.

“The deals will help U.S. farmers, ranchers, fishermen, small businesses, and manufacturers to increase U.S. exports to and expand business opportunities with these trading partners.”

The deal with Argentina gives U.S. exporters “preferential market access” for medicines, chemicals, machinery, IT products, medical devices, motor vehicles, and agricultural goods.

Argentina is set to exempt beef from its 10% import tariff, a U.S. official told POLITICO. Trump had considered allowing Argentina to export more beef to the U.S., but that idea did not make it into the agreement.

“Argentina has opened its market to U.S. live cattle, committed to allow market access for U.S. poultry within one year, and agreed not to restrict market access for products that use certain cheese and meat terms,” the White House said.

Ecuador will cut or eliminate tariffs on tree nuts, fresh fruit, pulses, wheat, wine, and distilled spirits. El Salvador will “break down non-tariff barriers” for U.S. agricultural goods and ensure U.S. exporters are not restricted for using certain cheese and meat terms. Guatemala made digital trade commitments, including ending discrimination against U.S. products distributed digitally.

NEW DEALS ABROAD: The White House struck trade agreements with four nations — Ecuador, Guatemala, El Salvador and Argentina — to lower tariffs on select goods like coffee and beef pic.twitter.com/oVYrB7ImYd

— Fox News (@FoxNews) November 14, 2025