The White House will lift certain tariffs on food imports from Argentina, Ecuador, El Salvador and Guatemala to help ease inflationary pressure on consumers. A recent poll shows cost-of-living remains the primary concern for US voters. South Korea pledged $350 billion in US investment, with nearly half directed to support American shipbuilding, and both countries agreed to cooperate on building nuclear-powered submarines.
US to Remove Food Tariffs on Several Latin American Nations as South Korea Pledges $350B to the United States
The White House will lift certain tariffs on food imports from Argentina, Ecuador, El Salvador and Guatemala to help ease inflationary pressure on consumers. A recent poll shows cost-of-living remains the primary concern for US voters. South Korea pledged $350 billion in US investment, with nearly half directed to support American shipbuilding, and both countries agreed to cooperate on building nuclear-powered submarines.
07:38 PM, 11/14/2025Economy
Washington eases tariffs on Latin American food imports
The White House announced it will remove duties on certain food imports from Argentina, Ecuador, El Salvador and Guatemala. The administration described the move as part of efforts to help curb rising inflation and ease pressure on consumer food prices. A recent poll found that cost-of-living concerns remain the top issue for US voters.
Seoul pledges major investment and security cooperation
Separately, South Korea unveiled plans to invest $350 billion in the United States. Nearly half of that commitment is expected to support initiatives aligned with President Donald Trump’s push to strengthen American shipbuilding capacity. As part of the broader agreement, Washington and Seoul also agreed to cooperate on building nuclear-powered submarines, reflecting deepening industrial and defense ties.
Context: Together, these steps signal a brief thaw in trade tensions and growing economic and security cooperation between the United States and key partners in Asia and Latin America.