Trump cuts tariffs in bid to slash consumer prices
The post Trump cuts tariffs in bid to slash consumer prices appeared com. U. S. President Donald Trump gestures during an announcement from the State Dining Room at the White House in Washington, D. C., U. S., Oct. 23, 2025. Jonathan Ernst | Reuters President Donald Trump on Friday exempted key agricultural imports like coffee, cocoa, bananas and certain beef products from his higher tariff rates. The move comes as Trump faces political blowback for high prices at U. S. grocery stores. Some distributors of beef, coffee, chocolate and other common food items have raised prices as Trump’s tariffs took hold this year, adding to pressure on household budgets created by decades-high inflation in recent years. Trump’s action Friday also exempts a range of fruits including tomatoes, avocados, coconuts, oranges and pineapples. Along with coffee, the tariff reductions extend to black and green tea, and spices like cinnamon and nutmeg. The move marks a reversal for Trump, who has insisted tariffs are necessary to protect U. S. businesses and workers. He has contended U. S. consumers will not ultimately pay for the higher duties. The exemptions come just a day after Trump reached trade framework agreements with four Latin American countries including 10% tariffs on most goods from Argentina, Guatemala, and El Salvador, and 15% from Ecuador. It also removes duties specifically on products not grown or produced in the U. S. in sufficient quantities, like bananas and coffee. Rising food prices have hampered U. S. households for several years. Consumer Price Index data show food-at-home prices increased approximately 2. 7% year-over-year in September. (More recent data was delayed because of the government shutdown). The tariff exemptions aim to help moderate these grocery price increases, although experts caution that other factors such as global supply shortages also influence prices, especially for coffee and beef. Here’s more background on how industries like beef, coffee and cocoa have reacted to tariffs and rising prices. Beef A customer shops for meat at a. Continue reading Trump cuts tariffs in bid to slash consumer prices
