US Reaches Framework Trade Deals With Argentina, Guatemala, El Salvador, and Ecuador

WASHINGTON—The United States finalized on Nov. 13 framework trade agreements with four South American countries—Argentina, Guatemala, El Salvador, and Ecuador—according to the White House.

The previously announced U.S. reciprocal tariffs will remain the same under these agreements. Goods from Guatemala, El Salvador, and Argentina will continue to face a 10 percent U.S. tariff because the United States has modest trade surpluses with these countries, according to a senior administration official. Meanwhile, goods from Ecuador will be subject to a 15 percent tariff, as the United States has a small trade deficit with that country.