Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices
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Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices
"WASHINGTON (AP) President Donald 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."
"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. Trump suggested earlier this week that he'd be lowering tariffs on coffee to help increase its importation. Trump and his administration have been long insisted that tariffs don't increase consumer prices."
President Donald Trump signed an executive order eliminating tariffs on a wide range of commodities, including beef, coffee and tropical fruits. The move targeted consumer complaints about high prices and followed off‑year election results where economic concerns helped Democrats win major races in Virginia and New Jersey. The U.S. reached framework agreements with Ecuador, Guatemala, El Salvador and Argentina to ease import levies on agricultural products. Trump signaled plans to lower coffee tariffs to boost imports. The administration has maintained that tariffs do not raise consumer prices. Record‑high beef prices and tariffs on Brazil influenced the action.
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