Trump reverses course and cuts tariffs on US food imports [View all]

Source: The Guardian



Donald Trump moved to lower tariffs on food imports, including beef, tomatoes, coffee and bananas, in an executive order on Friday as the White House fights off growing concerns about rising costs.

The new exemptions take effect retroactively at midnight on Thursday and mark a sharp reversal for Trump, who has long insisted that his import duties are not fueling inflation. They come after a string of victories for Democrats in state and local elections in Virginia, New Jersey and New York City, where affordability was a key topic.

Earlier Friday, the president had claimed on Truth Social that “costs under the TRUMP ADMINISTRATION are tumbling down”.

Trump told CBS’s 60 Minutes this month that: “We have no inflation. We have no inflation. Biden had inflation, and he didn’t have tariffs.”

Read more: https://www.theguardian.com/us-news/2025/nov/14/trump-tariffs-food

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It takes a real stable genius to put tariffs on foods that aren't produced in the US, and then argue that by some stroke of magic prices will come down.