US Prez Trump scraps tariffs on beef, coffee & tropical fruit

IN A PUSH TO LOWER GROCERY STORE PRICES

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US President Donald Trump

President Donald Trump announced Friday that he was scrapping US tariffs on beef, coffee, tropical fruits and a broad swath of other commodities — a dramatic move that comes amid mounting pressure on hi administration to better combat high consumer prices.

‘Trump has built his second term around imposing steep levies on goods imported into the US in hopes of encouraging domestic production and lifting the US economy.

His abrupt retreat from his signature tariff policy on so many staples key to the American diet is significant, and it comes after voters in off-year elections this month cited economic concerns as their top issue, resulting in big wins for Democrats in Virginia, New Jersey and other key races around the country.

“We just did a little bit of a rollback on some foods like coffee.” Trump said aboard Air Force One as he flew to Florida hours after the tariffannouncement was made.

Pressed on his tariffs helping to increase consumer prices, ‘Trump acknowledged, “I say they may, in some cases” have that effect.

“But to a large extent they've been borne by other countries” the president added. Meanwhile, inflation — despite ‘Trump's pronouncements that it has vanished since he took office in January — remains elevated, further increasing pressure on US consumers.