The U.S. announced it will remove tariffs on select foods and other imports from Argentina, Ecuador, Guatemala, and El Salvador, aiming to lower prices on items like coffee and bananas while giving U.S. firms greater market access.

Most framework agreements are expected to be finalized within two weeks, with additional deals possible before year-end.

The deals maintain broader tariffs but lift them on products not produced in the U.S., while also including commitments to avoid digital services taxes and open foreign markets to American goods.

Leaders from the four countries welcomed the agreements, highlighting potential boosts to investment, trade, and economic competitiveness, CNBC has reported.

The move aligns with the Trump administration’s focus on reducing living costs for Americans following voter concerns over inflation and high prices.