‘We open up foreign markets in ways that they have not been open before’
The Trump administration has struck new trade deals with Argentina, El Salvador, Guatemala, and Ecuador, a senior administration official told the Daily Caller News Foundation.
The agreements are designed to open the four countries’ markets to U.S. goods and address certain non-tariff barriers, the official said. The deals come as a significant portion of the tariffs imposed by the Trump administration faces the risk of being struck down by the Supreme Court.
The tariff rates for El Salvador, Argentina, and Guatemala, which have trade deficits with the U.S., will remain at 10%, according to the official. Goods from Ecuador, which has a small surplus, will be subject to a 15% levy.
