Trump Announces South American Trade Framework to Lower Grocery Prices

The Trump administration announced framework trade agreements with Argentina, Guatemala, El Salvador, and Ecuador on November 13, 2025, designed to lower food prices after months of denying tariff-driven inflation. Deals included removing reciprocal tariffs on certain goods and quadrupling Argentine beef import quotas. Coffee prices had spiked 18.9% and beef 14.7% year-over-year.