President Donald J. Trump has announced new trade agreements with El Salvador, Argentina, Ecuador, and Guatemala. The deals are intended to improve market access for American businesses in these countries and enhance relationships with key partners in the Western Hemisphere.
According to the White House, the agreements will create more reciprocal trading conditions that support American workers and industries. The administration states that these changes are also designed to protect U.S. national security and strengthen supply chains across the region.
"Today’s momentous trade deals reinforce America’s aligned trade relationships with these allies while fostering more reciprocal conditions that prioritize American workers and industries, protecting U.S. national security, and strengthening supply chains in the Western Hemisphere," President Trump said.
The announcement also highlighted efforts by the administration to address what it describes as unfair trade practices that have affected American businesses for decades. "President Trump has challenged the assumption that American workers and businesses must tolerate unfair trade practices that have disadvantaged them for decades and contributed to our historic global trade deficit," according to a statement from the White House.
Further details on specific terms of each agreement were not provided at this time.
