US EditionTrump administration prepares tariff exemptions in bid to lower food prices, NYT reports
The administration aims to reduce tariff costs on select imports, including beef and citrus, to address food price inflation driving voter concerns, say multiple sources.
- President Donald Trump’s administration prepared broad exemptions to his signature tariff regime to try to lower food prices, The New York Times reported citing three sources.
- After Democrats' wins last week, political pressure rose as their victories in last Tuesday's off‑year elections in New Jersey, Virginia, and New York City reflected voter concerns about the cost of living.
- The exemptions would target certain reciprocal April tariffs on products from countries that have not struck trade deals with the United States, likely including beef and citrus products, though no final decision was made.
- Legal scrutiny intensifies as the administration considers changes while the Supreme Court debates whether the tariffs were imposed unlawfully without Congress, raising stakes for any rollback of one of the president's key economic policies.
- The proposal would expand on a September executive order, officials cautioned it could risk appearing to reward countries that did not enter trade agreements with the United States, and President Trump’s planned travel aims to tout his economic agenda.
65 Articles
65 Articles
U.S. President Donald Trump has announced the immediate reduction of tariffs for the import of beef, coffee and other commodities, in a measure that seeks to contain inflation and respond to growing concerns about the price of the shopping basket. The decision is formalized through an executive order that, according to White House sources, temporarily suspends tariffs on agricultural imports considered essential, such as fruit, tea, cocoa, spice…
“Just a little step back,” the president said.
U.S. President Trump has by decree excluded a number of food imports from the tariffs imposed during the year.
US President Donald Trump signed an executive order on Friday to lift tariffs on imports of certain agricultural products, beef and fertilizers. He made the tariffs retroactive to Thursday. He made the decision as public support for the move waned as food prices continued to rise across the US.
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