"With all of these deals, the ones in Asia, the ones we're announcing today, we maintain the tariffs, we give some tariff relief on certain products or goods, but at the same time, we open up foreign markets in ways that they have not been open before,"
""create the conditions""
""rebuilt their relations on the basis of trust and self-determination,""
""places us as an even more competitive and more attractive country for investment.""
The United States will lift tariffs on certain imports from Argentina, Ecuador, Guatemala and El Salvador under framework agreements expected to be finalized within the next fortnight. The measures aim to reduce prices for bananas, coffee and other regional foodstuffs by providing tariff relief on selected goods while securing greater market access for American firms. The agreements maintain most tariffs but carve out relief on specific products in exchange for opening foreign markets. Officials in Argentina, El Salvador, Guatemala and Ecuador welcomed the deals, citing increased competitiveness and potential for boosted US investment. The administration emphasized affordability amid recent electoral concerns, while economists point to past sweeping tariffs as a cause of price increases.
Read at www.dw.com
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