"The affordability crisis has become a political liability for the White House, as the Trump administration confronts the same reality the Biden administration did: Economic success doesn't really matter to voters if grocery prices are rising. Administration officials have tried different tactics - first downplaying inflation while warning of a recession, and now promising voters they'll see progress within months."
"Hassett, like other administration officials in recent days, pointed to a range of external factors - including weather and disease - driving most of the price increases for things like beef, coffee and cocoa. After removing duties, "the prices will go down, of course," Hassett said. But when asked by ABC's Jon Karl if that was specifically because of lower tariffs, Hassett replied: "Because the supply of goods into the U.S. is going to increase.""
Rising grocery prices have become a major political liability for the White House, with coffee and beef up 15–20% year-over-year. The administration issued an executive order removing reciprocal tariffs on coffee, tea, beef, tropical fruits, juices, nuts and spices to try to reduce consumer costs. Officials acknowledge tariffs contribute to higher food prices but also point to external supply shocks such as weather and disease. National Economic Council director Kevin Hassett said removing duties will increase supply and lower prices. Treasury Secretary Scott Bessent said measurable relief should arrive within months as policy effects work through the economy.
Read at Axios
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