White House announces South American trade deals to try to lower some food prices

They could bring down prices on products like coffee, bananas and beef.

The White House on Thursday during a background call with reporters announced framework deals with Argentina, Guatemala, El Salvador, and Ecuador that it hopes will bring down the costs of certain groceries.

These deals come after President Donald Trump and some of his top allies promised an announcement on a deal to help alleviate the price increases of bananas, coffee and other agricultural goods, but a senior administration official on the call could not provide any specifics about how much relief this would bring to Americans’ wallets.

According to data from the September 2025 Consumer Price Index, coffee prices have spiked 18.9%, bananas are up 6.9% and beef prices are up 14.7% in the past year.