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Trump cuts tariffs on goods like coffee, bananas, and beef in bid to slash consumer prices

The order exempts 237 agricultural product classifications, aiming to lower prices after recent rises of up to 21% in coffee and 15% in beef, officials said.

  • On Nov. 14, President Donald Trump signed an executive order retroactively lowering tariffs on beef, tomatoes, coffee and bananas backdated to Nov. 13, the White House said.
  • After Democrats won off‑year races over affordability, the administration said exemptions target items not produced domestically and follow negotiations with Argentina, Ecuador, Guatemala, and El Salvador.
  • The exemptions cover dozens of goods, including coffee, tea, spices, bananas, avocados, mangoes, and beef, while U.S. Customs and Border Protection will process refunds under existing procedures.
  • Consumers may see relief as grocery prices ease, with beef and veal prices up nearly 15% year-over-year, intensifying pressure on officials while Rep. Don Beyer warned tariffs raised costs.
  • Marking a policy U‑turn, the administration reversed earlier positions by exempting foods following sweeping tariffs since January, while U.S. Trade Representative Jamieson Greer touts frameworks with four Latin American countries and Switzerland.
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Donald Trump announced, Friday, the elimination of customs duties on more than 200 food products, including some basic products such as coffee, beef, bananas and potatoes, on the basis of the growing consumer concerns...

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Barron's broke the news in New York, United States on Friday, November 14, 2025.
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