Big news for snack lovers and the wallet-conscious! This past Thursday (Nov 13, 2025), the US announced it will remove tariffs on key foods and goods from Argentina, Ecuador, Guatemala and El Salvador under new trade frameworks. 🎉
The move aims to give US retailers better access to coffee, bananas and other delicious imports and pass the savings on to shoppers across the country. Senior Trump administration officials say most deals should be finalized within two weeks, with more possibly coming before the year wraps up. ☕🍌
On Wednesday (Nov 12), Treasury Secretary Scott Bessent teased "substantial" announcements to drive down living costs for Americans. It looks like coffee and fruit will be front and center. Lower prices at your local cafe could be just around the corner! 💸
Meanwhile, Secretary of State Marco Rubio met with Brazil's Foreign Minister Mauro Vieira this week to sketch out a framework for US-Brazil trade relations. Since Brazil is the world's top coffee producer but currently faces a hefty 50% duty on US imports, this could spell big changes for the coffee market.
Why now? Last week's state elections in New Jersey, New York and Virginia saw Democrats winning key races, with voters buzzing about high prices. Economists point to tariffs as one driver of rising costs, so easing them is a way to give the economy a breather. 🗳️
The New York Times also reports the administration is eyeing further tariff waivers on foods like beef and citrus to tackle sticker shock. The White House hasn't commented, but it's clear: lower food prices are front and center as the year ends.
Keep an eye on your coffee cup and grocery cart. Cheaper sips and snacks are brewing soon! ☕🛒
Reference(s):
U.S. to lift tariffs on certain goods from 4 Latin American countries
cgtn.com
