BREAKINGVIEWS-Food-tariff rollbacks merely skim economic vibes
U.S. President Donald Trump has rolled back tariffs on over 200 food products, including staples like coffee, beef, bananas, and orange juice, due to rising consumer concerns about grocery costs. This move, affecting $40 billion worth of imports, reflects political unease and acknowledges that U.S. shoppers are bearing the cost of these tariffs. Despite potential reductions in grocery bills, the underlying consumer dissatisfaction remains.
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
By Gabriel Rubin
WASHINGTON, Nov 18 (Reuters Breakingviews) - Import-duty reductions on some $40 bln of staples like bananas and beef smack of political unease. It’s also a tacit concession that US shoppers, not exporters, are paying the price. Even if grocery bills shrink, however, Trump will simply be back at square one on consumer angst.
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CONTEXT NEWS
U.S. President Donald Trump on November 14 rolled back tariffs on more than 200 food products, including staples such as coffee, beef, bananas and orange juice, in the face of growing anxiety among American consumers about the high cost of groceries. (Editing by Jeffrey Goldfarb; Production by Maya Nandhini)
