The Trump administration said Thursday that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala.
Breakdown
- Argentine beef exports to the U.S. are set to increase from 20,000 to 80,000 tons under a new agreement.
- Argentine President Javier Mele thanked President Trump for the agreement, which raises the beef quota fourfold. 12s
- The trade framework is part of broader U.S. efforts to offset rising import costs for goods like bananas and coffee due to tariffs. 27s
- An Argentine economist highlighted that increased exports at better prices and lower tariffs will benefit the cattle industry. 41s
- Some U.S. cattle farmers have criticized the agreement, especially after a $2 billion bailout for Argentina and plans for increased beef imports. 1m 24s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.