President Nayib Bukele announced today his plan to suspend all tariffs on essential goods. The proposal includes all items in the expanded basic food basket and an additional 70 food products, aiming for a ten-year period without tariffs.
This initiative is designed to lower living costs and provide economic relief, particularly for low-income families. The proposal will be debated and voted on in the coming days. If approved, it represents a significant shift in economic policy, reflecting the government’s commitment to improving the standard of living and ensuring food security in El Salvador.