“Beef, coffee, and bananas: White House agrees to lower tariffs for four Latin American countries – PoliticoThe White House announced new trade agreements with four South and Central American countries. This could lead to a reduction in tariffs on imports of certain types of coffee, bananas, and beef from Argentina.
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DetailsAccording to a senior Trump administration official who wished to remain anonymous, the agreements are aimed at balancing the trade deficit in the United States.
The official noted that the agreement with Argentina is expected to exempt beef from a 10 percent import tariff. However, the trade agreement does not appear to change the US quota for increasing the volume of beef that Argentina can export to the United States.
RecallUS President Donald Trump announced plans to lower import tariffs for India. This is due to New Delhi’s significant reduction in purchases of Russian oil.