Trump Makes ‘Breakthrough Trade Deals’ With 4 Countries to Lower Food Costs

President Donald Trump has announced a series of “breakthrough trade deals” with Argentina, Ecuador, El Salvador, and Guatemala, in a move aimed at expanding market access for U.S. exports and lowering consumer food prices. The agreements, revealed Thursday by the White House, include both economic and national security commitments designed to strengthen America’s position in the Western Hemisphere.

The Trump administration described the deals as a major win for U.S. farmers, ranchers, fishermen, and small manufacturers, offering preferential treatment and reduced tariffs on key products.

“These deals secure commitments on economic and national security issues to strengthen supply chains and trade partnerships in the region,” the White House said in a statement. “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 announcement comes shortly after Treasury Secretary Scott Bessent acknowledged the administration’s broader goal of offering relief at the grocery store, hinting that some of the president’s tariffs had placed pressure on food prices.

In the deal with Argentina, the United States will receive “preferential market access” for sectors including medical devices, IT products, vehicles, agricultural goods, and pharmaceuticals. Argentina will also lift its 10% import tariff on beef from the U.S. and has pledged to open its market to U.S. live cattle and poultry within a year.

Despite early talks about increasing Argentina’s own beef exports to the U.S., pushback from Congress and the cattle industry appears to have sidelined that part of the proposal.

Ecuador agreed to reduce or eliminate tariffs on a variety of U.S. goods, including wheat, fresh fruit, pulses, distilled spirits, and tree nuts. El Salvador’s concessions will allow greater U.S. access to agricultural markets by tearing down non-tariff barriers, particularly those related to cheese and meat labeling.

Guatemala’s role in the trade package focuses more on digital trade, including a pledge to stop discriminatory practices against U.S. digital exports.

The full frameworks of the agreements are expected to be finalized in the next two weeks. According to a senior Trump administration official, lower tariffs on coffee, bananas, and other imported food items could soon lead to noticeable drops in grocery prices across the U.S.

The deals also position the administration to compete directly with Chinese and European influence in Latin America, where investment from outside powers has ramped up in recent years. By securing new trade relationships with key allies in the Western Hemisphere, Trump aims to deepen economic ties while reinforcing U.S. leadership in the region.

The agreements mark the latest in a string of post-“Liberation Day” trade breakthroughs under Trump, who has also negotiated revised deals with the European Union, China, Japan, the United Kingdom, and Indonesia in recent months.