US Reaches Agreement Lowering Tariffs on El Salvador

The agreement will remove some reciprocal tariffs announced by President Donald Trump in April of last year.

U.S. Trade Representative Jamieson Greer delivers opening remarks during the Association of Southeast Asian Nations economic ministers’ meeting and U.S. trade representative consultation, in Kuala Lumpur, Malaysia, on Sept. 24, 2025. REUTERS/Hasnoor Hussain/File Photo

The United States on Jan. 29 signed a new trade agreement with El Salvador that will reduce reciprocal tariffs on that country in exchange for lower regulatory barriers for U.S. exports.

The agreement alters the 10 percent tariff rate that U.S. President Donald Trump placed on El Salvador as part of the reciprocal tariffs that he has imposed on all countries. Several imports from El Salvador will have their reciprocal tariffs eliminated, although some tariffs will be maintained. The agreement also says that the rate for some goods “shall be no higher than 10 percent.”