Including meat and coffee. Trump reduces customs duties on some products
The US President signed Friday issued an executive order reducingon imports such as beef, bananas, coffee and tomatoes, while his administration faces pressure from voters suffering from high costs of living.
The Trump administration decided to exempt some Customs duties The exemption from customs duties has been activated. "Mutual" The Trump administration is stepping up its efforts to convince Americans of the strength of the economy, with affordability concerns becoming a major issue for voters in New York City, New Jersey and Virginia recently. The list of products exempt from reciprocal tariffs includes avocados and coconuts. And pineapples. After his return to the White House in January, Trump imposed heavy tariffs on his country’s trading partners, prompting economic experts to warn that these tariffs may raise the rate of inflation and may slow the pace of growth. Although the prices of consumer goods have not recorded a significant increase, experts say that the customs tariffs have raised the prices of some goods, with their expectation that the largest economy in the world will continue to be affected by the tariffs. Tariffs. Beef prices have risen this year, partly due to a decline in the supply of livestock. The Trump administration acknowledges concerns about Americans’ ability to afford costs, and Trump’s chief economic adviser, Kevin Hassett, has pointed to a decline in purchasing power in recent years. This week, Hassett spoke about efforts to fix that. "immediately".Exempt Products
Commodity prices
Declining Purchasing Power
