US EditionTrump Lowers Tariffs on Beef, Coffee, Other Foods as Inflation Concerns Mount
The order exempts tariffs on key imports the U.S. cannot produce enough of to ease grocery inflation amid voter concerns over rising costs.
- On Nov. 14, President Donald Trump planned to sign an order reducing tariffs on beef, tomatoes, coffee and bananas, targeting goods the U.S. cannot produce in sufficient quantities, a White House official said.
- Off-Year elections earlier this month increased voter concern about the economy, pressuring the administration on affordability after losses in Virginia and New Jersey.
- U.S. Trade Representative Jamieson Greer teased the plan earlier Nov. 14 as part of a broader tariff-exemption strategy, while a White House official said the exact scope remains unclear.
- The move tacitly acknowledges that tariff policies have added to price pressures on U.S. consumers as inflation ticks up to 3 per cent in 2025.
- Framework agreements with Ecuador, Guatemala, El Salvador and Argentina aim to ease import levies on agricultural products, while tariffs on Brazil and U.S. Trade Representative Jamieson Greer emphasize focusing reductions on food not made domestically.
46 Articles
46 Articles
Trump cuts tariffs on scores of products in bid to lower prices
President Trump signed an executive order on Friday cutting tariffs on scores of products in a bid to lower some grocery prices following frustration from voters over exceedingly higher costs. The products that are no longer subject to tariffs, include coffee, tea, beef, bananas, tropical fruit, wood, and iron. The removal of this batch of [...]
Tomatoes and bananas will also be excluded retroactively from the new import duties
By Elisabeth Buchwald, CNN - President Donald Trump signed an executive order Friday that retroactively reduces tariffs on beef, tomatoes, coffee, and bananas, among other agricultural imports, effective Thursday. The order Trump signed excludes these products from the "reciprocal" tariff rates, which start at 10% and can reach up to 50%. However, the order does not completely exempt these products from tariffs. For example, tomatoes from Mexico…
Associated Press News
Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices
President Donald Trump has signed an executive order to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits.
Donald Trump Ends Tariffs on Coffee, Beef and Bananas in ...
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