The Trump administration announced plans to lower import taxes on coffee and bananas from four Latin American countries as part of new trade deals. These agreements aim to address economic concerns and rising costs, particularly after recent election setbacks for President Trump’s Republican Party.

• Coffee and bananas will be exempt from tariffs as they are not produced in sufficient quantities in the US.
• Deals were made with Argentina, Guatemala, El Salvador, and Ecuador.
• Guatemala and Ecuador are the largest exporters of bananas to the US, while Brazil remains the top coffee exporter not covered by the deal.
• Coffee prices in the US have jumped approximately 20% this year, with severe weather also contributing to high prices.
• The US-Argentina deal also focuses on expanding market access for beef producers, a sector where rising prices have become a political issue for President Trump.