Trump cuts tariffs in bid to slash consumer prices
U.S. President Donald Trump speaks on the day he is set to sign an executive order on “Fostering the Future” in the East Room of the White House, in Washington, D.C., U.S., Nov. 13, 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.
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