Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices

"WASHINGTON President Trump signed an executive order Friday to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits. It's part of a response to pressure from consumers who complain prices are too high. The move comes after voters in off-year elections earlier this month cited economic concerns as their top issue, resulting in big wins for Democrats in races in Virginia and New Jersey."

"Trump slapped tariffs on most countries in April. He and his administration have been long insisted that tariffs don't increase consumer prices, despite economic evidence to the contrary. Record-high beef prices have been a particular concern, and Trump has said he intended to take action to try to lower them. Trump's tariffs on Brazil, a major beef exporter, have been a factor."

"The executive order also removes tariffs on tea, fruit juice, cocoa, spices, bananas, oranges, tomatoes and certain fertilizers. Some of the products covered aren't produced in the United States. The president signed the executive order after announcing that the U.S. had reached framework agreements with Ecuador, Guatemala, El Salvador and Argentina designed to ease import levies on agricultural products produced in those countries."

President Trump signed an executive order eliminating tariffs on a broad range of commodities, including beef, coffee and tropical fruits. The action removes levies on tea, fruit juice, cocoa, spices, bananas, oranges, tomatoes and certain fertilizers. The decision responds to consumer pressure over high prices and follows off-year election losses where voters cited economic concerns. Tariffs had been imposed on most countries in April, and the administration had insisted tariffs do not raise consumer prices despite contrary economic evidence. Record-high beef prices, influenced by tariffs on Brazil, prompted particular concern. Framework agreements with Ecuador, Guatemala, El Salvador and Argentina aim to ease import levies on agricultural products.

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