Trump scraps tariffs on beef, coffee, tropical fruit in a push to lower grocery store prices
Briefly

Trump scraps tariffs on beef, coffee, tropical fruit in a push to lower grocery store prices
"Trump has built his second term around imposing steep levies on goods imported into the U.S. in hopes of encouraging domestic production and lifting the U.S. economy. His abrupt retreat from his signature tariff policy on so many staples key to the American diet is significant, and it comes after voters in off-year elections this month cited economic concerns as their top issue, resulting in big wins for Democrats in Virginia, New Jersey and other key races around the country."
""President Trump is finally admitting what we always knew: his tariffs are raising prices for the American people," Virginia Democratic Rep. Don Beyer said in a statement. "After getting drubbed in recent elections because of voters' fury that Trump has broken his promises to fix inflation, the White House is trying to cast this tariff retreat as a 'pivot to affordability.'""
"Trump slapped tariffs on most countries around the globe in April. He and his administration still say that tariffs don't increase consumer prices, despite economic evidence to the contrary. Record-high beef prices have been a particular concern, and Trump had said he intended to take action to try and lower them. Trump's tariffs on Brazil, a major beef exporter, had been a factor."
President Donald Trump announced the removal of U.S. tariffs on beef, coffee, tropical fruits and a broad range of other commodities to address high consumer prices. Trump built his second term policy around steep import levies aimed at encouraging domestic production and strengthening the U.S. economy. The tariff retreat affects staples important to the American diet and followed off‑year election results in which voters prioritized economic concerns, producing Democratic gains in Virginia and New Jersey. Inflation remains elevated despite presidential claims it has vanished. The administration maintained tariffs filled government coffers and did not majorly raise grocery prices, while critics said tariffs harmed household budgets. Record‑high beef prices and tariffs on Brazil were noted as factors.
Read at ABC7 Los Angeles
Unable to calculate read time
[
|
]