Trump cuts tariffs on some foods as inflation concerns mount
Reuters · Just In
Reuters
Just In
U.S. President Donald Trump has rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice, in the face of growing angst among American consumers about the high cost of groceries.
Breakdown
- President Trump rolled back tariffs on over 200 food products due to concerns over high grocery prices.
- The exemptions, including coffee, beef, bananas, and orange juice, took effect retroactively. 12s
- Trump announced a $2,000 payment to lower and middle income Americans, funded by tariff revenues. 52s
- The White House said exemptions were for items not grown or processed in the U.S. and cited progress in trade talks. 1m 15s
- Recent Democratic election wins have been linked to voter concerns about affordability and high food prices. 1m 48s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.