Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices

In a significant move to address rising consumer prices, Trump has eliminated tariffs on beef, coffee, and tropical fruits. This decision follows the establishment of framework agreements with Ecuador, Guatemala, El Salvador, and Argentina aimed at easing import levies on agricultural products. The pressure on consumer prices has been a pressing issue, prompting this policy shift. By reducing tariffs, the administration aims to alleviate some of the financial burdens faced by consumers, reflecting a broader trend of responding to economic challenges through trade policy adjustments.