Trump Moves To Cut Coffee And Banana Tariffs In Latin America Trade Deals. The Trump administration has announced plans to ease tariffs on coffee and bananas as part of new trade deals with Argentina, Guatemala, El Salvador and Ecuador. The agreements aim to lower costs for American consumers amid growing scrutiny of President Donald Trump’s handling of the economy and rising prices. Under the framework, reciprocal tariffs of 10% for three countries and 15% for Ecuador will remain but key imports like coffee, which cannot be produced in the US in large quantities, will be exempt. The US–Argentina deal also includes measures to improve market access for beef producers. Trump and Treasury Secretary Scott Bessent have vowed to tackle soaring coffee prices, which are up 20% this year, and provide relief on fruit imports. Officials say the move could ease pressure on consumers while strengthening trade ties across Latin America where Guatemala and Ecuador remain major banana exporters to the US.