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President Donald Trump is slated to sign an order on Friday reducing tariffs on beef, tomatoes, coffee and bananas, according to a White House official, a move aimed at lowering costs on groceries as the administration faces pressure from voters to cut prices on everyday goods.
The exemptions would reduce trade levies on the commodities, which can’t be produced in the US in sufficient quantity to meet domestic demand. The exact scope of the tariff reduction, how many total goods are included and how widely it would apply, were not immediately clear.
The move comes as Trump has pivoted to focusing on affordability measures as voters are growing increasingly wary of the economy under his leadership. It is also a tacit acknowledgment that the president’s tariff policies have added to price pressures on US consumers.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:
- Bloomberg Economics US Economist Stuart Paul.
- Former Republican Congresswoman Barbara Comstock.
- ROKK Solutions Partner and Democratic Strategist Kristen Hawn.
- Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
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