Trump scraps tariffs on beef, coffee and tropical fruit in a push to lower grocery store prices
Trump scraps tariffs on beef, coffee and tropical fruit in a push to lower grocery store prices
Donald Trump announced Friday that he was scrapping U.S. tariffs on beef, coffee, tropical fruits and a broad swath of other commodities — a dramatic move that comes amid mounting pressure on his administration to better combat high consumer prices.
Trump has built his second term around imposing steep levies on goods imported into the U.S. in hopes of encouraging domestic production and lifting the U.S. 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.
as if that's all it took to lower prices. companies are gonna look at this as 'free profit' and keep them high, pocketing the 'savings' for as long as they can.
Yeah, the prices won't go down unless forced
Gasp but forcing them is communism!
https://www.cbsnews.com/newyork/news/zohran-mamdani-new-york-city-run-grocery-stores/
Walmart and every other grocery store corporation:
To be fair to corrupt corporations, they already bought the beef and coffee at tariffed prices, so they have to sell that stuff before the prices can go down. Unless they get a refund (not gonna happen), that's the way things work.
We're number 4 for beef exports... Why are we importing it back?!?