The Trump administration is preparing to remove tariffs on some imported goods. This move directly addresses high consumer prices and inflation. Tariffs will be cut on certain food products not produced domestically. US Trade Representative Jamieson Greer confirmed the plan. He said this includes items like coffee, cocoa, and bananas.
The administration’s goal is to lower grocery costs for Americans. This action follows new framework trade agreements. These deals were struck with several Latin American nations. The White House also finalized a deal to cut US tariffs on Swiss goods from 39% to 15%. Switzerland plans to invest heavily in the U.S. in return.
Critics argue that these tariff cuts favor corporate interests. They say the original tariffs hurt American families with high prices. Regardless of the criticism, the government expects retailers to pass savings to consumers. This strategy is part of a broader effort to ease economic pressure.
