Trump Administration Considers Tariff Exemptions for Food

Trump Administration Mulls Trade Tariff Changes to Combat High Food PricesThe Trump administration is reportedly considering significant changes to its trade tariffs, aiming to alleviate the current high food prices in the country. The New York Times revealed this plan, citing sources familiar with the proposals. The potential exemptions would likely target reciprocal tariffs announced in April, applying to goods imported from countries without finalized trade agreements. This new plan appears more extensive than previous proposals, potentially including popular items like beef and citrus products. The administrations decision comes after announcing new trade deals with four countries and amidst concerns about increased inflation due to high tariff levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.