The White House said Thursday that the United States has reached new trade agreements with Argentina, Guatemala, Ecuador, and El Salvador, the latest deals secured since President Donald Trump launched his tariff war.
The four countries agreed to open their markets to U.S. products in exchange for reductions in U.S. tariffs on their exports, including agricultural goods, the administration said.
For Ecuador, Washington cited decades of economic cooperation and the 1990 Trade and Investment Council Agreement, updated in 2020. Ecuador will lower or eliminate tariffs on machinery, medical products, ICT goods, chemicals, motor vehicles, and some farm items, while establishing tariff-rate quotas for others.
In return, the United States will remove reciprocal tariffs on certain eligible Ecuadorian exports that cannot be produced domestically in sufficient quantities.
“The United States and Ecuador are working to finalize the Agreement and complete the procedures needed for it to take effect,” the White House said.