Following Democratic wins in key November races across the country on the issue of “affordability,” President Donald Trump is cutting tariffs to slash prices on household staples.

The reduced levies would affect products like beef, bananas and coffee beans from Guatemala, El Salvador, Ecuador and Argentina.

Trump pledged in a Fox News interview this week to “lower some tariffs” after Democratic candidates running on affordability platforms outperformed their opponents last week.

“The Trump administration is committed to pursuing a nimble, nuanced and multi-faceted strategy on trade and tariffs,” White House spokesman Kush Desai said in a statement to Bloomberg.

Bloomberg reported that one of the more significant trade deals announced by the White House was likely the agreement with Argentina, home to one of the world’s most protectionist economies.

It’s also a further boost Trump is giving to President Javier Milei’s government after giving a $20 billion bailout to the country in October.

“The countries will open their markets to each other on key products,” according to a White House statement that said Argentina would provide “preferential market access for U.S. goods exports” like certain medicines, chemicals, machinery, information technology products and medical devices.

DON’T MISS…

The frameworks for the trade deals are expected to be completed in two weeks.

The deal doesn’t force retailers or wholesalers to lower prices but the White House in a statement said it expects they will pass on savings from the levy carveouts to consumers.

A Trump administration official told Bloomberg that there are ongoing trade negotiations with Switzerland that could reduce tariffs on watches and chocolates.

Reducing tariffs continues Trump’s renewed messaging on affordability. After signing legislation to reopen the government, the president vowed to “lower the cost of living, restore public safety, grow our economy and make America affordable again for all Americans.”

Though by cutting tariffs he imposed himself this year, Trump is simply resetting import taxes to where they were before he took office for a second term.