By: Brian Walczyk, Compliance Manager, TradeInsights, LCB, CCS

The White House announced, in a series of statements on Nov. 13, framework agreements on reciprocal trade and investment with Argentina, Ecuador, El Salvador and Guatemala.

Below are quick summaries surrounding the reciprocal trade aspect of the statements.

Argentina

• The U.S. will remove reciprocal tariffs on certain unavailable natural resources and non-patented articles for use in pharma applications. The U.S. will also consider the agreements positive effect on national security and measures taken under Sec 232. View the full statement here.

Ecuador

• The U.S. will remove its reciprocal tariffs on certain qualifying exports from Ecuador to the U.S. View the full statement here.

El Salvador

• The U.S. will remove the reciprocal tariffs on exports to the U.S. for certain qualifying articles that cannot be grown, mined, or naturally produced in the U.S. in sufficient quantities, as well as certain products, such as textiles and apparel products, originating under the CAFTA-DR. The U.S. will also consider the agreements positive effect on national security and measures taken under Sec 232. View the full statement here.

Guatemala

• The U.S. will remove reciprocal tariffs on exports to the U.S. for certain qualifying articles that cannot be grown, mined, or naturally produced in the U.S. in sufficient quantities, as well as certain products, such as textiles and apparel products, originating under the CAFTA-DR. View the full statement here.

We will continue to monitor this situation and issue updates as needed. Please contact your V. Alexander account team, or you may also contact our Trade Compliance team at tradeinsights@valexander.com with any questions, and you can always follow us on our website www.valexander.com for updates on this and other topics.