"We just did a little bit of a rollback on some foods like coffee,"
"I say they may, in some cases"
"But to a large extent they've been borne by other countries,"
"President Trump is finally admitting what we always knew: his tariffs are raising prices for the American people,"
Trump announced removal of U.S. tariffs on beef, coffee, tropical fruits and a broad range of other commodities to address rising consumer prices. The tariff rollback follows mounting pressure as inflation remains elevated and voters cited economic concerns in recent off-year elections that produced Democratic gains. The broader tariff program had aimed to encourage domestic production and boost government revenues. The president acknowledged tariffs can increase consumer prices in some cases while asserting much of the burden fell on foreign producers. Democrats framed the move as confirmation that tariffs raised costs for Americans.
Read at Fortune
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