Seven months after unleashing the largest trade war in modern history, with restrictions imposed on the vast majority of countries, United States President Donald Trump is setting out to correct some of his decisions. If an agreement is reached with Switzerland to reduce the average increase from 39% to 15%, in exchange for the Swiss pharmaceutical laboratories (the largest in Roche and Novartis) making multi-million dollar investments to set up production plants in the United States and elsewhere in Argentina, with a significant expansion of the access of Argentine beef to the US market (in exchange for also having privileged access to litigation or soybeans) at midday on Saturday, it was the Ecuadorian government that confirmed that the United States would go ahead with eliminating the 15% During 105 years.
A statement by the Ministry of Production, Foreign Trade and Investment said: “Many agricultural products and products of natural origin, especially those that are not widely produced in the US market, will no longer be subject to reciprocal restrictions as of November 13, 2025. Among them are: coffee, cocoa, piña, mango, pitahaya, other tropical fruits, fruit tar, spices, bananas, palm kernels, platanos, oranges, tomatoes, and others.”
A decision similar to the one adopted regarding the purchase of beef in Brazil. The imposition of an increase in Brazilian meat purchases coincided with a significant decline in beef in the United States, resulting in an unprecedented rise in costs. US food prices have risen by 3% annually since September, the highest rate since then, with particularly pronounced increases such as coffee (18.9% in the sweeter months), ground beef (12.9%) or bananas (6.9%). The agreements concluded with Argentina, Brazil and Ecuador attempt to reduce the import bill and reduce the prices of basic foodstuffs.
As happened with the rest of the countries, the imposition of advances attempted to reduce the huge trade deficit (the negative difference between exports and imports of goods) of the United States of America, the ruler of the world, which reached $1.2 billion at the beginning of 2024. But Trump did not consider imposing these advances to be a serious matter that could indirectly make purchasing products that do not grow in the United States more expensive, and would have a direct impact on the pockets of American citizens through inflation.
About The Author
