US EditionTrump Reverses Tariffs on Dozens of Food Products as 'Affordability Crisis' Engulfs US Economy
The White House exempted dozens of food items from tariffs to ease grocery inflation, which rose 2.7% last year, citing insufficient domestic supply and political pressure.
- On Thursday, US President Donald Trump signed an executive order exempting dozens of food products from tariffs, with the White House saying exemptions take effect retroactively at midnight.
- Facing mounting pressure over rising prices after his Republican Party lost polls last week, US President Donald Trump's administration reversed tariffs amid economists' warnings on affordability.
- The White House published a list showing dozens of exempted products, including avocados, tomatoes, coconuts and mangoes, citing insufficient domestic supply,
- The administration said import taxes on coffee and bananas will be lowered via trade deals with four Latin American countries, amid groceries rising 2.7 per cent from last year.
- Trump has long argued his tariffs would not raise prices, but he previously dismissed the affordability crisis as a `new word` and a `con job` by Democrats.
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17 Articles
Americans could soon see some cheaper products after President Donald Trump exempted certain agricultural imports from a set of tariffs on Friday. However, any price drop is likely not enough to make life seem more affordable in the short term. The decree exempted products such as coffee, beef and some fruits from Trump’s “reciprocal” tariffs, which began to apply in April.
Analysis by Elisabeth Buchwald, CNN: Americans may soon see some cheaper products after President Donald Trump exempted certain agricultural imports from a set of tariffs on Friday. However, any price reductions are unlikely to be enough to make life seem more affordable in the short term. The executive order exempted products such as coffee, beef, and some fruits from Trump's "reciprocal" tariffs, which began to be implemented in April.
US President Donald Trump announced Friday that he would eliminate tariffs on beef, coffee, tropical fruits and other basic commodities, a drastic move amid growing pressure on his administration to combat high consumer prices.
Trump reverses tariffs on dozens of food products as 'affordability crisis' engulfs US economy
In a major turn of events, US President Donald Trump signed an executive order allowing a range of food products, including coffee, bananas and beef, to escape the sweeping tariffs he introduced earlier this year
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